Beaumont Financial Advisors LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Beaumont Financial Advisors LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 832 shares of the industrial products company’s stock after purchasing an additional 20 shares during the period. Beaumont Financial Advisors LLC’s holdings in Roper Technologies were worth $454,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Roper Technologies during the 3rd quarter worth approximately $27,000. Compass Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $30,000. Fortis Capital Advisors LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $30,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

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

Roper Technologies Price Performance

Shares of ROP opened at $534.38 on Friday. The company has a market capitalization of $57.19 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $545.64 and a 200 day moving average of $531.75. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $3.92 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROP shares. Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Raymond James upped their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. TD Cowen downgraded 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. Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Company 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.