Intech Investment Management LLC Has $6.39 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Intech Investment Management LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,398 shares of the industrial products company’s stock after buying an additional 1,878 shares during the period. Intech Investment Management LLC’s holdings in Roper Technologies were worth $6,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. LGT Group Foundation raised its holdings in shares of Roper Technologies by 4.9% during the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after purchasing an additional 1,804 shares during the period. Steward Partners Investment Advisory LLC grew its position in Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 5,789 shares in the last quarter. Schwartz Investment Counsel Inc. grew its position in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after purchasing an additional 3,500 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after acquiring an additional 7,768 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock valued at $2,865,000 after acquiring an additional 3,660 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated 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 directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated 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 directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Mizuho increased their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Barclays increased their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $595.50.

Roper Technologies Trading Down 0.7 %

Shares of ROP stock traded down $3.88 on Friday, hitting $567.31. 459,205 shares of the company’s stock traded hands, compared to its average volume of 445,231. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $575.00. The company’s fifty day simple moving average is $551.36 and its 200 day simple moving average is $544.60. The stock has a market capitalization of $60.72 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.97 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating 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 company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $3.90 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

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.