Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Taurus Asset Management LLC

Taurus Asset Management LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 4.7% in the 3rd quarter, Holdings Channel reports. The fund owned 21,675 shares of the industrial products company’s stock after purchasing an additional 965 shares during the period. Taurus Asset Management LLC’s holdings in Roper Technologies were worth $12,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROP. American Century Companies Inc. increased its stake in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after buying an additional 118,971 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after acquiring an additional 102,199 shares in the last quarter. Bank of Montreal Can grew its stake in Roper Technologies by 31.0% during the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock valued at $192,176,000 after purchasing an additional 80,255 shares in the last quarter. SG Americas Securities LLC increased its holdings in Roper Technologies by 95.1% during the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after purchasing an additional 78,870 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Roper Technologies in the 1st quarter valued at approximately $43,851,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $548.23 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market capitalization of $58.79 billion, a PE ratio of 40.10, a P/E/G ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The business’s fifty day moving average price is $552.39 and its two-hundred day moving average price is $548.19.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. 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. Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

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.