Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 602,308 shares of the industrial products company’s stock after acquiring an additional 16,685 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Roper Technologies were worth $328,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Roper Technologies during the third quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies during the third quarter worth about $27,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies during the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies during the fourth quarter worth about $31,000. Finally, Lee Financial Co acquired a new stake in Roper Technologies during the third quarter worth about $34,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.5 %

ROP traded up $2.68 on Wednesday, reaching $522.94. The company’s stock had a trading volume of 283,924 shares, compared to its average volume of 520,357. The stock has a market cap of $55.98 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The business’s 50 day moving average is $540.21 and its 200 day moving average is $534.82.

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

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders 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 yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada decreased their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Mizuho upped their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred 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 transaction, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.94% of the stock is currently owned by company 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.