K.J. Harrison & Partners Inc Makes New $556,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

K.J. Harrison & Partners Inc acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,020 shares of the industrial products company’s stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Beaumont Financial Advisors LLC grew its position in Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 21 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Roper Technologies by 1.7% in the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Roper Technologies by 0.5% in the third 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 in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 22 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Mizuho lifted their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted 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. Finally, Raymond James boosted 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. Four equities 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. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Price Performance

ROP traded down $13.63 during midday trading on Friday, reaching $526.78. 856,081 shares of the company’s stock were exchanged, compared to its average volume of 498,846. The business’s 50-day moving average price is $545.05 and its 200 day moving average price is $533.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $56.38 billion, a PE ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $435.49 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results 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 22.41% and a return on equity of 10.63%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend 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 that occurred 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 sale, 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 SEC, which is available through this link. 0.94% of the stock is owned by insiders.

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.