700 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Coastline Trust Co

Coastline Trust Co bought a new position in Roper Technologies, Inc. (NYSE:ROPFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 700 shares of the industrial products company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in Roper Technologies in the third quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies during the third quarter valued at about $27,000. Lee Financial Co bought a new position in shares of Roper Technologies during the third quarter valued at about $34,000. Compass Wealth Management LLC bought a new position in Roper Technologies in the fourth quarter worth about $30,000. Finally, Fortis Capital Advisors LLC bought a new position in Roper Technologies in the fourth quarter worth about $30,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

NYSE ROP opened at $545.94 on Wednesday. The stock has a market capitalization of $58.43 billion, a PE ratio of 33.13, a P/E/G ratio of 2.92 and a beta of 0.99. The business has a 50 day simple moving average of $549.13 and a two-hundred day simple moving average of $527.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROPGet Free Report) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $3.92 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ROP. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada raised their price objective on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Mizuho lifted their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Check Out Our Latest Stock Report on Roper Technologies

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Roper Technologies Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROPFree Report).

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.