Xponance Inc. Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Xponance Inc. raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,464 shares of the industrial products company’s stock after acquiring an additional 512 shares during the quarter. Xponance Inc.’s holdings in Roper Technologies were worth $7,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC increased its position in Roper Technologies by 68,873.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock worth $745,065,000 after buying an additional 1,721,828 shares in the last quarter. Norges Bank purchased a new stake in Roper Technologies in the 4th quarter worth approximately $497,958,000. CI Private Wealth LLC bought a new stake in Roper Technologies during the 4th quarter worth approximately $245,541,000. Durable Capital Partners LP lifted its holdings in Roper Technologies by 51.3% during the first quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after purchasing an additional 473,168 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ROP. Oppenheimer raised their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Raymond James upped their price objective 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. Royal Bank of Canada lifted their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price target 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 objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 1.3 %

Shares of ROP stock opened at $534.38 on Friday. The company has a market cap of $57.19 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $545.64 and its two-hundred day simple moving average is $531.75. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping 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 analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $3.92 earnings per share. Roper Technologies’s quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

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.