Fenimore Asset Management Inc. Buys 4,005 Shares of Roper Technologies Inc (NYSE:ROP)

Fenimore Asset Management Inc. grew its stake in Roper Technologies Inc (NYSE:ROP) by 99.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,035 shares of the industrial products company’s stock after buying an additional 4,005 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Roper Technologies were worth $2,943,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. IFM Investors Pty Ltd lifted its stake in Roper Technologies by 7.7% in the second quarter. IFM Investors Pty Ltd now owns 7,192 shares of the industrial products company’s stock valued at $2,634,000 after buying an additional 512 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Roper Technologies by 176.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 29,538 shares of the industrial products company’s stock valued at $10,819,000 after purchasing an additional 18,864 shares during the period. Legacy Financial Strategies LLC increased its holdings in shares of Roper Technologies by 2.3% in the second quarter. Legacy Financial Strategies LLC now owns 2,217 shares of the industrial products company’s stock valued at $843,000 after purchasing an additional 50 shares during the period. Autus Asset Management LLC increased its holdings in shares of Roper Technologies by 15.6% in the second quarter. Autus Asset Management LLC now owns 11,195 shares of the industrial products company’s stock valued at $4,100,000 after purchasing an additional 1,509 shares during the period. Finally, First Hawaiian Bank increased its holdings in shares of Roper Technologies by 40.2% in the second quarter. First Hawaiian Bank now owns 5,131 shares of the industrial products company’s stock valued at $1,879,000 after purchasing an additional 1,470 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

Shares of NYSE ROP opened at $349.56 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $367.65 and a two-hundred day moving average price of $346.63. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $385.51. The firm has a market cap of $37.27 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $2.89 EPS. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.

ROP has been the topic of a number of recent research reports. Oppenheimer boosted their target price on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Stephens boosted their target price on Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Barclays upped their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Raymond James upped their price objective on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Argus upped their target price on Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $374.10.

In other news, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction on Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the transaction, the insider now directly owns 218,866 shares in the company, valued at approximately $77,644,902.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $344.76, for a total value of $258,570.00. Following the transaction, the director now owns 7,700 shares in the company, valued at $2,654,652. The disclosure for this sale can be found here. In the last three months, insiders sold 49,750 shares of company stock worth $17,659,170. Company insiders own 1.90% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Further Reading: How is the Producer Price Index calculated?

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.