Miracle Mile Advisors LLC Buys 80 Shares of Roper Technologies, Inc. (NYSE:ROP)

Miracle Mile Advisors LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,887 shares of the industrial products company’s stock after purchasing an additional 80 shares during the period. Miracle Mile Advisors LLC’s holdings in Roper Technologies were worth $1,058,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ROP. Rise Advisors LLC purchased a new stake in Roper Technologies during the 1st quarter valued at $27,000. Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. VisionPoint Advisory Group LLC purchased a new position in Roper Technologies during the fourth quarter valued at approximately $32,000. Finally, Grayhawk Investment Strategies Inc. purchased a new position in Roper Technologies during the fourth quarter valued at approximately $38,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.2 %

NYSE ROP traded down $1.03 on Monday, reaching $562.63. 360,342 shares of the company were exchanged, compared to its average volume of 518,659. The business’s fifty day moving average price is $540.08 and its 200 day moving average price is $542.55. The stock has a market capitalization of $60.22 billion, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a fifty-two week low of $471.93 and a fifty-two week high of $569.49.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.90 earnings per share. Analysts forecast that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Activity

In other news, Director Christopher Wright sold 300 shares of the company’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 approximately $19,550,453.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Christopher Wright sold 300 shares of the 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 transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, 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. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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.