K.J. Harrison & Partners Inc Takes Position in Roper Technologies, Inc. (NYSE:ROP)

K.J. Harrison & Partners Inc purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, Holdings Channel reports. The fund purchased 1,020 shares of the industrial products company’s stock, valued at approximately $556,000.

Other hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in Roper Technologies during the 3rd quarter worth $27,000. Independence Bank of Kentucky bought a new position in Roper Technologies during the 4th quarter worth $31,000. Wetzel Investment Advisors Inc. bought a new position in Roper Technologies during the 4th quarter worth $31,000. Finally, Lee Financial Co bought a new position in Roper Technologies during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ROP. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Mizuho lifted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Insider Buying and Selling 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 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 in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Down 2.5 %

Shares of Roper Technologies stock traded down $13.63 during midday trading on Friday, reaching $526.78. The company had a trading volume of 856,081 shares, compared to its average volume of 498,846. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. 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 fifty day moving average price of $545.05 and a 200 day moving average price of $533.36. The firm has a market cap 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 (NYSE:ROP) last issued its quarterly 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 return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $3.90 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

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.