Wealthcare Advisory Partners LLC Has $238,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Wealthcare Advisory Partners LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.8% during the first quarter, Holdings Channel.com reports. The firm owned 425 shares of the industrial products company’s stock after acquiring an additional 27 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Roper Technologies were worth $238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LGT Group Foundation lifted its stake in shares of Roper Technologies by 4.9% during the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after acquiring an additional 1,804 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Roper Technologies by 236.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock valued at $4,493,000 after acquiring an additional 5,789 shares during the period. Schwartz Investment Counsel Inc. lifted its stake in shares of Roper Technologies by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after acquiring an additional 3,500 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Roper Technologies by 229.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock valued at $2,865,000 after acquiring an additional 3,660 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Roper Technologies by 42.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock valued at $7,986,000 after acquiring an additional 4,334 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

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

Roper Technologies Stock Down 0.2 %

Shares of Roper Technologies stock opened at $562.63 on Tuesday. Roper Technologies, Inc. has a 1 year low of $471.93 and a 1 year high of $569.49. The business has a 50-day moving average of $540.08 and a two-hundred day moving average of $542.55. The company has a market capitalization of $60.22 billion, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

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

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROP shares. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Mizuho upped their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Royal Bank of Canada dropped their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.