Evermay Wealth Management LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Evermay Wealth Management LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 17.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,329 shares of the industrial products company’s stock after buying an additional 199 shares during the period. Evermay Wealth Management LLC’s holdings in Roper Technologies were worth $725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in shares of Roper Technologies in the 3rd quarter worth about $27,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $31,000. Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $31,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $32,000. Finally, Lee Financial Co purchased a new stake in shares of Roper Technologies in the 3rd quarter worth about $34,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.0 %

Shares of NYSE ROP traded up $0.04 on Friday, reaching $544.66. 369,948 shares of the company traded hands, compared to its average volume of 611,961. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company has a 50 day moving average of $537.03 and a 200 day moving average of $538.84. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $58.30 billion, a PE ratio of 39.53, a P/E/G ratio of 2.86 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm 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%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a 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 report on Monday, April 29th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, Barclays upped their target price 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average 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.