Wedmont Private Capital Invests $269,000 in Roper Technologies, Inc. (NYSE:ROP)

Wedmont Private Capital acquired a new position in Roper Technologies, Inc. (NYSE:ROP – Get Rating) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 606 shares of the industrial products company’s stock, valued at approximately $269,000.

A number of other institutional investors have also made changes to their positions in ROP. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Roper Technologies by 752.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 620,910 shares of the industrial products company’s stock worth $223,304,000 after purchasing an additional 548,070 shares during the period. Durable Capital Partners LP increased its stake in Roper Technologies by 51.3% during the first quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after acquiring an additional 473,168 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Roper Technologies by 4.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 12,028,540 shares of the industrial products company’s stock valued at $4,747,063,000 after acquiring an additional 462,988 shares during the period. CIBC Private Wealth Group LLC increased its stake in Roper Technologies by 22.8% during the third quarter. CIBC Private Wealth Group LLC now owns 1,019,718 shares of the industrial products company’s stock valued at $366,732,000 after acquiring an additional 189,362 shares during the period. Finally, CCLA Investment Management bought a new position in Roper Technologies during the third quarter valued at about $62,405,000. 92.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Roper Technologies from $504.00 to $505.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. StockNews.com assumed coverage on Roper Technologies in a research note on Thursday. They set a “hold” rating on the stock. Wolfe Research upgraded Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target on the stock in a research note on Thursday, February 23rd. The Goldman Sachs Group lifted their price objective on Roper Technologies from $423.00 to $468.00 and gave the company a “neutral” rating in a report on Thursday, December 15th. Finally, Barclays lifted their price objective on Roper Technologies from $510.00 to $518.00 and gave the company an “overweight” rating in a report on Monday, January 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $495.67.

Insiders Place Their Bets

In other news, Director Richard F. Wallman acquired 1,000 shares of Roper Technologies stock in a transaction on Tuesday, February 14th. The shares were purchased at an average price of $424.95 per share, with a total value of $424,950.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $424,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Richard F. Wallman acquired 1,000 shares of Roper Technologies stock in a transaction on Tuesday, February 14th. The shares were purchased at an average price of $424.95 per share, with a total value of $424,950.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $424,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Laurence Neil Hunn sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $443.57, for a total value of $2,217,850.00. Following the transaction, the chief executive officer now directly owns 112,048 shares in the company, valued at approximately $49,701,131.36. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Roper Technologies Stock Down 0.6 %

Shares of ROP opened at $425.66 on Friday. The company has a market capitalization of $45.22 billion, a P/E ratio of 10.00, a PEG ratio of 2.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.67 and a quick ratio of 0.63. Roper Technologies, Inc. has a one year low of $356.21 and a one year high of $488.23. The business’s 50 day simple moving average is $431.95 and its 200-day simple moving average is $416.31.

Roper Technologies (NYSE:ROP – Get Rating) last announced its earnings results on Friday, January 27th. The industrial products company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Roper Technologies had a return on equity of 11.43% and a net margin of 80.89%. Roper Technologies’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.73 EPS. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 16.07 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Shareholders of record on Thursday, April 6th will be issued a dividend of $0.683 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, April 5th. This represents a $2.73 annualized dividend and a yield of 0.64%. Roper Technologies’s dividend payout ratio is currently 6.41%.

Roper Technologies Company Profile

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.