Headlands Technologies LLC Buys 105 Shares of Roper Technologies, Inc. (NYSE:ROP)

Headlands Technologies LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,410 shares of the industrial products company’s stock after acquiring an additional 105 shares during the quarter. Headlands Technologies LLC’s holdings in Roper Technologies were worth $1,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in Roper Technologies during the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies during the third quarter worth $27,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies during the fourth quarter worth $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies during the fourth quarter worth $31,000. Finally, Lee Financial Co acquired a new stake in Roper Technologies during the third quarter worth $34,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROP shares. Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James lifted 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 note on Friday, February 2nd. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research note on Thursday, January 4th. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated 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 directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 2.5 %

Shares of NYSE ROP opened at $526.78 on Friday. The firm’s 50-day simple moving average is $545.05 and its 200 day simple moving average is $533.61. The company has a market cap of $56.38 billion, a price-to-earnings ratio of 38.23, 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. Roper Technologies, Inc. has a 12-month low of $435.49 and a 12-month high of $565.00.

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, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. On average, research analysts expect that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.