Assetmark Inc. Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Assetmark Inc. grew its position in Roper Technologies, Inc. (NYSE:ROP) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,069 shares of the industrial products company’s stock after buying an additional 265 shares during the quarter. Assetmark Inc.’s holdings in Roper Technologies were worth $1,673,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ROP. WealthPlan Investment Management LLC boosted its stake in shares of Roper Technologies by 478.3% during the third quarter. WealthPlan Investment Management LLC now owns 3,817 shares of the industrial products company’s stock valued at $1,848,000 after acquiring an additional 3,157 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Roper Technologies by 8.5% during the third quarter. Private Advisor Group LLC now owns 5,120 shares of the industrial products company’s stock valued at $2,480,000 after acquiring an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Roper Technologies by 21.9% during the third quarter. EverSource Wealth Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 56 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Roper Technologies during the third quarter valued at $100,000. Finally, Lincoln National Corp boosted its stake in shares of Roper Technologies by 9.7% during the third quarter. Lincoln National Corp now owns 666 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $544.66 on Friday. The firm has a market capitalization of $58.30 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.86 and a beta of 1.00. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The business’s 50-day simple moving average is $537.03 and its 200-day simple moving average is $538.64.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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 analyst estimates 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 was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.90 EPS. Equities analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s payout ratio is currently 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

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