Second Half Financial Partners LLC Acquires Shares of 870 Roper Technologies, Inc. (NYSE:ROP)

Second Half Financial Partners LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 870 shares of the industrial products company's stock, valued at approximately $452,000.

Several other institutional investors have also modified their holdings of the stock. Pine Valley Investments Ltd Liability Co raised its stake in shares of Roper Technologies by 6.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company's stock worth $2,510,000 after purchasing an additional 255 shares during the last quarter. World Investment Advisors LLC boosted its holdings in Roper Technologies by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company's stock valued at $3,957,000 after purchasing an additional 100 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Roper Technologies by 1,227.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company's stock valued at $2,630,000 after buying an additional 4,371 shares during the period. Tidal Investments LLC boosted its stake in shares of Roper Technologies by 8.5% in the third quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company's stock valued at $5,824,000 after buying an additional 823 shares in the last quarter. Finally, Synovus Financial Corp raised its position in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after acquiring an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a research note on Tuesday. Raymond James reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday. Royal Bank of Canada raised their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.91.

Roper Technologies Trading Up 0.7 %

Shares of ROP traded up $3.91 on Wednesday, hitting $560.08. 670,407 shares of the stock traded hands, compared to its average volume of 551,668. The stock's 50 day moving average is $567.90 and its two-hundred day moving average is $554.65. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $60.14 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $4.41 EPS. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Profile

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.