Invesco LLC Takes $259,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Invesco LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 462 shares of the industrial products company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Rise Advisors LLC purchased a new stake in Roper Technologies during the first quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in Roper Technologies during the first quarter worth about $29,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies during the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. purchased a new stake in Roper Technologies during the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in Roper Technologies during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.4 %

Shares of NYSE:ROP traded down $2.28 during trading on Tuesday, reaching $574.27. The stock had a trading volume of 430,783 shares, compared to its average volume of 509,078. The business has a fifty day moving average price of $552.46 and a 200-day moving average price of $545.06. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The stock has a market cap of $61.47 billion, a P/E ratio of 41.77, a PEG ratio of 2.97 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.52%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROP. Barclays boosted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $597.78.

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.