Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,053 shares of the industrial products company’s stock after purchasing an additional 655 shares during the period. Intech Investment Management LLC’s holdings in Roper Technologies were worth $6,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ROP. Gilbert & Cook Inc. lifted its stake in shares of Roper Technologies by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after purchasing an additional 97 shares during the period. Aveo Capital Partners LLC lifted its stake in shares of Roper Technologies by 9.5% in the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 41 shares during the period. 9258 Wealth Management LLC lifted its stake in shares of Roper Technologies by 11.5% in the 4th quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock valued at $1,012,000 after purchasing an additional 192 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $217,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Roper Technologies by 9.1% in the 4th quarter. Wells Fargo & Company MN now owns 144,839 shares of the industrial products company’s stock valued at $78,961,000 after purchasing an additional 12,069 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.5 %

Shares of ROP opened at $558.04 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The firm has a 50-day moving average price of $547.91 and a 200 day moving average price of $545.30. The firm has a market capitalization of $59.74 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $616.00.

Insider Activity at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

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.