Virtu Financial LLC Purchases 221 Shares of Roper Technologies, Inc. (NYSE:ROP)

Virtu Financial LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,937 shares of the industrial products company’s stock after acquiring an additional 221 shares during the quarter. Virtu Financial LLC’s holdings in Roper Technologies were worth $1,056,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in Roper Technologies by 8.1% during the third quarter. Kestra Advisory Services LLC now owns 5,692 shares of the industrial products company’s stock valued at $2,757,000 after buying an additional 425 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Roper Technologies during the third quarter valued at $703,000. Envestnet Portfolio Solutions Inc. purchased a new position in Roper Technologies during the third quarter valued at $3,127,000. Envestnet Asset Management Inc. grew its holdings in Roper Technologies by 81.7% during the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock valued at $154,103,000 after purchasing an additional 143,122 shares during the period. Finally, Balentine LLC raised its stake in shares of Roper Technologies by 1.7% in the third quarter. Balentine LLC now owns 3,257 shares of the industrial products company’s stock worth $1,577,000 after buying an additional 54 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho raised their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Price Performance

Shares of ROP traded up $2.28 during mid-day trading on Friday, hitting $549.45. 431,123 shares of the stock were exchanged, compared to its average volume of 476,427. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The company has a market cap of $58.81 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 2.88 and a beta of 1.01. Roper Technologies, Inc. has a 52-week low of $453.17 and a 52-week high of $565.00. The firm has a 50-day moving average of $534.84 and a two-hundred day moving average of $540.95.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company 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 firm earned $3.90 earnings per share. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that Roper Technologies, Inc. will post 18.15 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.