Duncker Streett & Co. Inc. Has $3.61 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Duncker Streett & Co. Inc. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,623 shares of the industrial products company’s stock after buying an additional 92 shares during the period. Duncker Streett & Co. Inc.’s holdings in Roper Technologies were worth $3,611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in Roper Technologies in the 3rd quarter valued at about $27,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies during the fourth quarter worth approximately $31,000. Lee Financial Co bought a new stake in shares of Roper Technologies during the third quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROP. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Raymond James raised their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Oppenheimer boosted their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Wells Fargo & Company raised 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. Finally, TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Four 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Insiders Place Their Bets

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $1.28 on Wednesday, reaching $526.98. The company had a trading volume of 405,315 shares, compared to its average volume of 449,069. The stock has a market capitalization of $56.40 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average is $546.76 and its 200 day moving average is $531.46. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $3.92 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio 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.