Intrust Bank NA Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Intrust Bank NA lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the industrial products company’s stock after buying an additional 55 shares during the quarter. Intrust Bank NA’s holdings in Roper Technologies were worth $609,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares during the period. iA Global Asset Management Inc. bought a new position in Roper Technologies during the 3rd quarter valued at approximately $82,379,000. Envestnet Asset Management Inc. raised its stake in Roper Technologies by 81.7% during 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 buying an additional 143,122 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of 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 worth $69,933,000 after acquiring an additional 120,836 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 1.0% during 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. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated 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 owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $511.46 on Wednesday. The company’s 50-day moving average price is $543.76 and its 200-day moving average price is $534.01. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market cap of $54.75 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.69 and a beta of 0.99. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed 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. This represents a $3.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Mizuho increased their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday. Barclays boosted 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. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday. Four 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, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $579.83.

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.