Victory Capital Management Inc. Buys 38,487 Shares of Roper Technologies, Inc. (NYSE:ROP)

Victory Capital Management Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 76.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,570 shares of the industrial products company’s stock after acquiring an additional 38,487 shares during the period. Victory Capital Management Inc. owned 0.08% of Roper Technologies worth $48,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ROP. OFI Invest Asset Management bought a new position in Roper Technologies in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $27,000. Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $31,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $31,000. Finally, Lee Financial Co purchased a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $34,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Trading Up 1.3 %

NYSE:ROP opened at $517.21 on Monday. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The firm has a fifty day simple moving average of $541.39 and a 200-day simple moving average of $534.35. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $55.36 billion, a P/E ratio of 30.03, a PEG ratio of 2.71 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Raymond James increased their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Barclays raised their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $584.82.

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.