US Asset Management LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

US Asset Management LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,380 shares of the industrial products company’s stock, valued at approximately $752,000.

Other institutional investors have also recently made changes to their positions in the company. Beaumont Financial Advisors LLC boosted its stake in Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after buying an additional 20 shares during the period. Jacobi Capital Management LLC lifted its stake in 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 last quarter. Chicago Partners Investment Group LLC lifted its stake in 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 last quarter. My Legacy Advisors LLC lifted its stake in Roper Technologies by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 22 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in Roper Technologies by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.0 %

Shares of ROP stock traded down $0.18 during midday trading on Friday, reaching $523.15. 146,694 shares of the stock were exchanged, compared to its average volume of 515,930. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The company’s 50 day moving average is $539.33 and its two-hundred day moving average is $534.64. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The firm has a market cap of $56.00 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last posted its earnings results 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.90 EPS. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ROP. Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho boosted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, Raymond James boosted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $584.82.

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.