Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Evermay Wealth Management LLC

Evermay Wealth Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 17.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,329 shares of the industrial products company’s stock after acquiring an additional 199 shares during the quarter. Evermay Wealth Management LLC’s holdings in Roper Technologies were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ROP. Altshuler Shaham Ltd acquired a new position in Roper Technologies during the third quarter worth about $27,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies in the 4th quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies in the 4th quarter valued at $31,000. VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $32,000. Finally, Lee Financial Co acquired a new position in shares of Roper Technologies in the 3rd quarter valued at $34,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.0 %

Shares of Roper Technologies stock traded up $0.04 during trading on Friday, hitting $544.66. 369,948 shares of the stock traded hands, compared to its average volume of 611,961. The stock has a market cap of $58.30 billion, a P/E ratio of 39.53, a PEG ratio of 2.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The company has a fifty day moving average price of $537.03 and a two-hundred day moving average price of $538.84.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.90 EPS. Equities research analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is 21.77%.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Mizuho increased their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Three 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 stock. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Roper Technologies 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.