Kennedy Capital Management LLC Has $12.52 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Kennedy Capital Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,325 shares of the industrial products company’s stock after purchasing an additional 482 shares during the period. Kennedy Capital Management LLC’s holdings in Roper Technologies were worth $12,521,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Vanguard Group Inc. grew its position in shares of Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the period. Principal Financial Group Inc. lifted its position in Roper Technologies by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock worth $1,447,927,000 after purchasing an additional 61,756 shares during the period. Norges Bank bought a new position in shares of Roper Technologies in the fourth quarter worth about $756,176,000. Bank of New York Mellon Corp raised its holdings in Roper Technologies by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock valued at $737,489,000 after buying an additional 68,957 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.2 %

ROP stock traded down $0.88 on Tuesday, hitting $544.81. 319,241 shares of the company’s stock were exchanged, compared to its average volume of 523,638. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The firm has a 50 day moving average price of $553.70 and a two-hundred day moving average price of $545.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a market cap of $58.32 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The business 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 10.77% and a net margin of 22.14%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.90 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is 21.77%.

Analysts Set New Price Targets

Several brokerages have recently commented on ROP. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Oppenheimer dropped their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $604.33.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred 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 owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,940 shares of company stock valued at $2,214,019. 0.87% of the stock is owned by company insiders.

Roper Technologies 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.