O Shaughnessy Asset Management LLC Buys 988 Shares of Roper Technologies, Inc. (NYSE:ROP)

O Shaughnessy Asset Management LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,035 shares of the industrial products company’s stock after acquiring an additional 988 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Roper Technologies were worth $5,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Penobscot Investment Management Company Inc. increased its stake in shares of Roper Technologies by 0.7% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 3,633 shares of the industrial products company’s stock valued at $2,038,000 after purchasing an additional 25 shares during the last quarter. Brogan Financial Inc. increased its stake in shares of Roper Technologies by 38.1% in the 1st quarter. Brogan Financial Inc. now owns 942 shares of the industrial products company’s stock valued at $528,000 after purchasing an additional 260 shares during the last quarter. Peninsula Asset Management Inc. increased its stake in shares of Roper Technologies by 0.9% in the 1st quarter. Peninsula Asset Management Inc. now owns 7,611 shares of the industrial products company’s stock valued at $4,269,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd increased its stake in shares of Roper Technologies by 50.0% in the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. Finally, Cynosure Group LLC bought a new position in shares of Roper Technologies in the 1st quarter valued at $322,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was 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 directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly 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 company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROP shares. Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $597.78.

Roper Technologies Trading Down 0.4 %

ROP traded down $2.28 during midday trading on Tuesday, hitting $574.27. 430,783 shares of the company were exchanged, compared to its average volume of 509,078. The firm has a market capitalization of $61.47 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.97 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The firm’s 50 day moving average price is $552.46 and its 200-day moving average price is $545.06. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its 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. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.90 EPS. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is 21.77%.

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.