Raymond James & Associates Raises Position in Roper Technologies, Inc. (NYSE:ROP)

Raymond James & Associates lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 226,419 shares of the industrial products company’s stock after buying an additional 5,864 shares during the quarter. Raymond James & Associates owned 0.21% of Roper Technologies worth $125,989,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 1.3% in the first 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 holdings in Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after buying an additional 102,199 shares in the last quarter. Mackenzie Financial Corp boosted its position in Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after buying an additional 33,544 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after acquiring an additional 64,565 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Roper Technologies by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock worth $451,901,000 after acquiring an additional 33,780 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $557.62 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $549.91 and its two-hundred day moving average price is $545.27. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The stock has a market capitalization of $59.69 billion, a P/E ratio of 40.47, a P/E/G ratio of 2.90 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays lifted their price target 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. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $619.50.

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.