Roper Technologies, Inc. (NYSE:ROP) Stock Position Lifted by Northern Trust Corp

Northern Trust Corp increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,111,212 shares of the industrial products company's stock after purchasing an additional 97,270 shares during the period. Northern Trust Corp owned 1.04% of Roper Technologies worth $577,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies in the fourth quarter worth $36,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the 4th quarter worth about $45,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ROP. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird increased their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Oppenheimer reissued an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $620.91.

Insider Transactions at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP traded up $8.45 during trading hours on Friday, reaching $566.04. 556,040 shares of the company's stock traded hands, compared to its average volume of 550,406. The firm has a market capitalization of $60.86 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.04. The business's fifty day simple moving average is $566.81 and its two-hundred day simple moving average is $554.78. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 EPS. Analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.