AMI Asset Management Corp Raises Position in Roper Technologies, Inc. (NYSE:ROP)

AMI Asset Management Corp grew its position in Roper Technologies, Inc. (NYSE:ROP) by 0.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,494 shares of the industrial products company’s stock after acquiring an additional 21 shares during the period. Roper Technologies comprises 1.8% of AMI Asset Management Corp’s portfolio, making the stock its 28th largest holding. AMI Asset Management Corp’s holdings in Roper Technologies were worth $35,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Group Foundation boosted its holdings in Roper Technologies by 4.9% during the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock worth $21,288,000 after buying an additional 1,804 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in 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 worth $4,493,000 after buying an additional 5,789 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in 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 worth $61,441,000 after buying an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in 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 worth $2,865,000 after buying an additional 3,660 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in 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 worth $7,986,000 after acquiring an additional 4,334 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Oppenheimer restated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Mizuho lifted their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada cut their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Finally, 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 report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Trading Down 0.5 %

ROP stock traded down $2.66 on Thursday, hitting $560.45. 284,848 shares of the company were exchanged, compared to its average volume of 463,738. Roper Technologies, Inc. has a twelve month low of $471.93 and a twelve month high of $569.49. 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 business’s fifty day moving average is $541.47 and its two-hundred day moving average is $542.99. The stock has a market capitalization of $59.99 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Christopher Wright sold 300 shares of the company’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 transaction, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were 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 owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

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.