Cross Staff Investments Inc Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Cross Staff Investments Inc grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 10.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 506 shares of the industrial products company’s stock after buying an additional 46 shares during the quarter. Cross Staff Investments Inc’s holdings in Roper Technologies were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ROP. Beaumont Financial Advisors LLC lifted its position in Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 20 shares in the last quarter. UMB Bank n.a. grew its position in Roper Technologies by 0.6% during 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 in the last quarter. NorthRock Partners LLC lifted its stake in Roper Technologies by 1.7% in the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares during the last quarter. Jacobi Capital Management LLC boosted its position 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 valued at $2,030,000 after purchasing an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of 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 valued at $1,582,000 after purchasing an additional 22 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were 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 approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ROP shares. Royal Bank of Canada upped their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company lifted their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer upped their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Mizuho upped their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Trading Down 1.6 %

Shares of ROP traded down $8.64 during midday trading on Friday, hitting $531.77. The stock had a trading volume of 449,146 shares, compared to its average volume of 499,958. The firm has a market cap of $56.91 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The business has a 50-day simple moving average of $545.43 and a two-hundred day simple moving average of $533.17. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is 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.