Farmers & Merchants Investments Inc. Raises Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Farmers & Merchants Investments Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,874 shares of the industrial products company’s stock after buying an additional 1,066 shares during the quarter. Roper Technologies accounts for approximately 0.8% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 29th biggest position. Farmers & Merchants Investments Inc.’s holdings in Roper Technologies were worth $22,363,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ROP. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Roper Technologies during the 3rd quarter valued at about $1,130,000. Mutual Advisors LLC bought a new stake in shares of Roper Technologies during the 3rd quarter valued at about $251,000. Teza Capital Management LLC bought a new stake in shares of Roper Technologies during the 3rd quarter valued at about $953,000. Schonfeld Strategic Advisors LLC grew its stake in shares of Roper Technologies by 101.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 9,935 shares of the industrial products company’s stock valued at $4,811,000 after purchasing an additional 5,006 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of Roper Technologies by 84.1% during the 3rd quarter. Lazard Asset Management LLC now owns 10,458 shares of the industrial products company’s stock valued at $5,064,000 after purchasing an additional 4,776 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Roper Technologies Price Performance

Shares of ROP traded up $0.59 during mid-day trading on Tuesday, hitting $563.22. 182,094 shares of the stock were exchanged, compared to its average volume of 515,950. The company has a market cap of $60.29 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $471.93 and a 52-week high of $569.49. The firm has a 50-day moving average of $540.08 and a two-hundred day moving average of $542.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data 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. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. On average, equities analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. 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. Finally, Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $584.82.

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.