GoalVest Advisory LLC Acquires 90 Shares of Roper Technologies, Inc. (NYSE:ROP)

GoalVest Advisory LLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 900.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100 shares of the industrial products company’s stock after acquiring an additional 90 shares during the period. GoalVest Advisory LLC’s holdings in Roper Technologies were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Rise Advisors LLC bought a new position in Roper Technologies in the 1st quarter worth $27,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies during the 4th quarter valued at about $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 4th quarter valued at about $31,000. VisionPoint Advisory Group LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at about $32,000. Finally, Grayhawk Investment Strategies Inc. bought a new position in shares of Roper Technologies during the 4th quarter valued at about $38,000. Institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 approximately $19,550,453.49. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $562.06 on Friday. The firm has a market cap of $60.16 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. Roper Technologies, Inc. has a one year low of $469.61 and a one year high of $568.68. 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 firm’s 50 day simple moving average is $538.79 and its 200-day simple moving average is $542.31.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $3.90 earnings per share. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROP. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Mizuho upped their target price 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. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Oppenheimer restated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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.