Larson Financial Group LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Larson Financial Group LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 89.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,845 shares of the industrial products company’s stock after acquiring an additional 870 shares during the quarter. Larson Financial Group LLC’s holdings in Roper Technologies were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its stake in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the period. iA Global Asset Management Inc. acquired a new stake in Roper Technologies in the third quarter valued at approximately $82,379,000. Envestnet Asset Management Inc. raised its holdings in Roper Technologies by 81.7% in the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock valued at $154,103,000 after acquiring an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Roper Technologies by 512.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock valued at $69,933,000 after acquiring an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after acquiring an additional 100,621 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ROP. Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Barclays raised their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Mizuho raised their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada raised their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Stock Performance

NYSE:ROP traded up $3.29 during midday trading on Tuesday, reaching $542.40. The stock had a trading volume of 120,195 shares, compared to its average volume of 495,325. The firm has a fifty day simple moving average of $545.57 and a two-hundred day simple moving average of $532.77. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The stock has a market cap of $58.05 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.82 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $3.92 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given 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 23.27%.

Insiders Place Their Bets

In other Roper Technologies 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.94% of the company’s stock.

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.