Advisory Services Network LLC Has $4.82 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Advisory Services Network LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 1.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,597 shares of the industrial products company’s stock after selling 86 shares during the period. Advisory Services Network LLC’s holdings in Roper Technologies were worth $4,822,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Roper Technologies during the 4th quarter worth about $756,176,000. Mackenzie Financial Corp lifted its stake in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares in the last quarter. First Trust Advisors LP boosted its position in Roper Technologies by 149.7% during the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after acquiring an additional 220,006 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after acquiring an additional 211,967 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Roper Technologies by 134.5% during the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after purchasing an additional 156,468 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada dropped their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $587.09.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $3.57 during trading on Friday, reaching $559.50. 59,859 shares of the company’s stock were exchanged, compared to its average volume of 507,888. The firm’s 50-day moving average price is $545.89 and its 200 day moving average price is $543.64. The company has a market cap of $59.89 billion, a P/E ratio of 40.49, a PEG ratio of 2.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a 1-year low of $472.18 and a 1-year high of $569.49.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm earned $3.90 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

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.