Fulton Breakefield Broenniman LLC Has $21.19 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Fulton Breakefield Broenniman LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,862 shares of the industrial products company’s stock after purchasing an additional 225 shares during the quarter. Roper Technologies comprises 1.7% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 19th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Roper Technologies were worth $21,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $27,000. Independence Bank of Kentucky bought a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $31,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $31,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $34,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

ROP stock opened at $526.78 on Friday. The firm has a 50 day moving average of $545.05 and a 200-day moving average of $533.61. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00. The firm has a market capitalization of $56.38 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm 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. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 21.77%.

Insider Transactions at Roper Technologies

In other 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 value of $109,942.00. Following the completion of 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 available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROP. Barclays lifted their price target 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. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada boosted their target price 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. TD Cowen lowered 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. Finally, Mizuho boosted their target price 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. Four 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’s stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

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.