Cullen Frost Bankers Inc. Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Cullen Frost Bankers Inc. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,547 shares of the industrial products company’s stock after acquiring an additional 104 shares during the period. Cullen Frost Bankers Inc.’s holdings in Roper Technologies were worth $1,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OFI Invest Asset Management bought a new position in Roper Technologies in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies in the third quarter worth approximately $27,000. Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $31,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $31,000. Finally, Lee Financial Co purchased a new position in Roper Technologies in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $523.33 on Friday. The business’s fifty day moving average is $539.76 and its 200 day moving average is $534.72. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The company has a market capitalization of $56.02 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm earned $3.90 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated 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 owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on ROP shares. Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Wells Fargo & Company upped 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. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Raymond James raised their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Finally, Mizuho boosted their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.82.

Roper Technologies Company Profile

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.