RWA Wealth Partners LLC Acquires 4,026 Shares of Roper Technologies, Inc. (NYSE:ROP)

RWA Wealth Partners LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 853.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,498 shares of the industrial products company’s stock after purchasing an additional 4,026 shares during the quarter. RWA Wealth Partners LLC’s holdings in Roper Technologies were worth $2,452,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after purchasing an additional 100,621 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock worth $1,224,736,000 after acquiring an additional 42,962 shares in the last quarter. Northern Trust Corp grew its stake in shares of Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock worth $550,743,000 after acquiring an additional 54,396 shares in the last quarter. Invesco Ltd. grew its stake in shares of Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock worth $500,531,000 after acquiring an additional 9,846 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 0.1 %

Shares of Roper Technologies stock opened at $539.62 on Wednesday. The business has a fifty day simple moving average of $545.66 and a two-hundred day simple moving average of $533.09. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a market capitalization of $57.75 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $3.92 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Research analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROP. Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James raised 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 note on Friday, February 2nd. 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. Finally, Oppenheimer raised their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies 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.