Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by NBW Capital LLC

NBW Capital LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,201 shares of the industrial products company’s stock after purchasing an additional 1,481 shares during the quarter. Roper Technologies makes up approximately 1.7% of NBW Capital LLC’s holdings, making the stock its 20th largest position. NBW Capital LLC’s holdings in Roper Technologies were worth $7,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $27,000. Compass Wealth Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $30,000. Fortis Capital Advisors LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Finally, Independence Bank of Kentucky bought a new position in Roper Technologies in the 4th quarter worth approximately $31,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROP. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research report on Thursday, January 4th. Royal Bank of Canada raised their target price on shares of 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 increased their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Mizuho boosted 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. Finally, Oppenheimer increased their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Trading Up 0.3 %

Shares of NYSE ROP traded up $1.49 during mid-day trading on Thursday, hitting $527.96. 165,104 shares of the company traded hands, compared to its average volume of 491,122. The business has a 50 day moving average of $546.31 and a two-hundred day moving average of $531.43. The stock has a market capitalization of $56.50 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

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, beating analysts’ consensus estimates of $4.34 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.92 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s 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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

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.