Fidelis Capital Partners LLC Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Fidelis Capital Partners LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 862 shares of the industrial products company’s stock after buying an additional 24 shares during the period. Fidelis Capital Partners LLC’s holdings in Roper Technologies were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Roper Technologies by 10.0% in the third quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 21 shares in the last quarter. UMB Bank n.a. increased its position in shares of Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after acquiring an additional 21 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Roper Technologies by 1.7% in the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 21 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Roper Technologies by 0.5% in the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after acquiring an additional 21 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.8 %

NYSE ROP traded up $3.99 during trading hours on Friday, reaching $531.26. 116,328 shares of the company traded hands, compared to its average volume of 490,181. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $56.86 billion, a PE ratio of 31.51, a PEG ratio of 2.77 and a beta of 0.99. The company has a 50 day moving average of $545.95 and a two-hundred day moving average of $531.40.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be given a $0.75 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is currently 23.27%.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the 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 sale, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROP. Mizuho upped their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Barclays upped 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. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Finally, Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

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.