Roper Technologies, Inc. (NYSE:ROP) Position Lifted by RWA Wealth Partners LLC

RWA Wealth Partners LLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 853.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,498 shares of the industrial products company’s stock after acquiring an additional 4,026 shares during the quarter. RWA Wealth Partners LLC’s holdings in Roper Technologies were worth $2,452,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC boosted its stake in Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. boosted its stake in Roper Technologies by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 21 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 21 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Roper Technologies by 0.5% during the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 21 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Roper Technologies by 0.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after purchasing an additional 22 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 0.1 %

Roper Technologies stock opened at $539.62 on Wednesday. The stock has a market cap of $57.75 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.84 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $545.66 and its two-hundred day moving average price is $533.09. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $3.92 EPS. On average, analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s payout ratio is 23.27%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company increased their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

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.