Benjamin F. Edwards & Company Inc. Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,323 shares of the industrial products company’s stock after acquiring an additional 253 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Roper Technologies were worth $721,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Beaumont Financial Advisors LLC boosted its stake in shares of Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after buying an additional 20 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 21 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 22 shares in the last quarter. My Legacy Advisors LLC increased its position in shares of Roper Technologies by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 22 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Roper Technologies by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Barclays boosted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $520.26 on Wednesday. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. 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 cap of $55.69 billion, a PE ratio of 37.75, a P/E/G ratio of 2.71 and a beta of 1.00. The stock has a 50 day simple moving average of $540.21 and a 200-day simple moving average of $534.82.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.90 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was 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 of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is owned by corporate 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.