HTLF Bank Acquires New Stake in Roper Technologies, Inc. (NYSE:ROP)

HTLF Bank acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 963 shares of the industrial products company’s stock, valued at approximately $525,000.

A number of other large investors also recently bought and sold shares of ROP. Moneta Group Investment Advisors LLC boosted its holdings in Roper Technologies by 68,873.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after acquiring an additional 1,721,828 shares during the period. Norges Bank purchased a new stake in shares of Roper Technologies in the 4th quarter worth $497,958,000. CI Private Wealth LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth $245,541,000. Durable Capital Partners LP lifted its holdings in shares of Roper Technologies by 51.3% in the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock worth $659,009,000 after buying an additional 473,168 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ROP shares. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Royal Bank of Canada upped their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price objective 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, Mizuho upped their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Four investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Stock Up 1.3 %

Shares of ROP stock opened at $534.38 on Friday. The stock’s 50-day simple moving average is $545.64 and its 200-day simple moving average is $531.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The firm has a market capitalization of $57.19 billion, a PE ratio of 41.46, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $3.92 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

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.