Motley Fool Asset Management LLC Has $1.60 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Motley Fool Asset Management LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,941 shares of the industrial products company’s stock after buying an additional 200 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Roper Technologies were worth $1,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Syon Capital LLC lifted its position in shares of Roper Technologies by 16.2% in the fourth quarter. Syon Capital LLC now owns 1,185 shares of the industrial products company’s stock worth $646,000 after purchasing an additional 165 shares in the last quarter. Cross Staff Investments Inc raised its position in shares of Roper Technologies by 10.0% in the fourth quarter. Cross Staff Investments Inc now owns 506 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Roper Technologies by 5.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,341 shares of the industrial products company’s stock valued at $1,276,000 after purchasing an additional 123 shares during the period. Atria Wealth Solutions Inc. grew its stake in Roper Technologies by 2.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,503 shares of the industrial products company’s stock worth $1,910,000 after buying an additional 87 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Roper Technologies by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 597 shares of the industrial products company’s stock worth $326,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James increased their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Four 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 stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $574.58.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $13.63 on Friday, reaching $526.78. The stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. Roper Technologies, Inc. has a 1 year low of $435.49 and a 1 year high of $565.00. The company has a market cap of $56.38 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $545.05 and its two-hundred day moving average is $533.36.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

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.