Andrew Hill Investment Advisors Inc. Purchases Shares of 1,374 Roper Technologies, Inc. (NYSE:ROP)

Andrew Hill Investment Advisors Inc. bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,374 shares of the industrial products company’s stock, valued at approximately $749,000.

Several other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its position in Roper Technologies by 10.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 21 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. NorthRock Partners LLC grew its holdings in Roper Technologies by 1.7% during the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 21 shares in the last quarter. Jacobi Capital Management LLC increased its stake in Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after buying an additional 21 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in Roper Technologies by 0.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 22 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Mizuho lifted their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $5.47 during midday trading on Friday, hitting $532.74. 207,328 shares of the company’s stock were exchanged, compared to its average volume of 491,217. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The firm has a market cap of $57.01 billion, a P/E ratio of 31.51, a PEG ratio of 2.77 and a beta of 0.99. The stock’s 50 day moving average price is $545.95 and its 200-day moving average price is $531.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $3.92 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued 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 yield of 0.56%. Roper Technologies’s payout ratio is 23.27%.

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.