Profund Advisors LLC Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

Profund Advisors LLC increased its stake in Roper Technologies, Inc. (NYSE:ROPFree Report) by 490.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,482 shares of the industrial products company’s stock after buying an additional 8,707 shares during the period. Profund Advisors LLC’s holdings in Roper Technologies were worth $5,714,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Roper Technologies in the 3rd quarter worth about $27,000. Independence Bank of Kentucky bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $31,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $31,000. VisionPoint Advisory Group LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $32,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP traded down $11.02 during trading on Thursday, reaching $547.17. 482,810 shares of the company’s stock were exchanged, compared to its average volume of 516,350. Roper Technologies, Inc. has a 1 year low of $453.16 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The stock has a market capitalization of $58.57 billion, a P/E ratio of 39.71, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. The company’s fifty day simple moving average is $534.71 and its 200-day simple moving average is $540.68.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates 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 for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $3.90 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday. Royal Bank of Canada lowered their price target 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. Mizuho raised their price target 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. Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Four equities 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 stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $584.82.

Check Out Our Latest Stock Report on Roper Technologies

Roper Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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