122 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Crewe Advisors LLC

Crewe Advisors LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 122 shares of the industrial products company’s stock, valued at approximately $68,000.

Several other institutional investors also recently modified their holdings of the stock. MQS Management LLC increased its stake in shares of Roper Technologies by 4.8% in the first quarter. MQS Management LLC now owns 1,313 shares of the industrial products company’s stock valued at $736,000 after buying an additional 60 shares during the period. Natixis increased its position in Roper Technologies by 4,938.6% in the 1st quarter. Natixis now owns 42,072 shares of the industrial products company’s stock valued at $23,596,000 after acquiring an additional 41,237 shares during the period. Pitcairn Co. raised its stake in shares of Roper Technologies by 1.5% during the first quarter. Pitcairn Co. now owns 2,448 shares of the industrial products company’s stock valued at $1,373,000 after acquiring an additional 35 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Roper Technologies by 589.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 68,994 shares of the industrial products company’s stock worth $38,695,000 after purchasing an additional 58,987 shares during the period. Finally, American International Group Inc. grew its stake in shares of Roper Technologies by 18.9% in the first quarter. American International Group Inc. now owns 44,579 shares of the industrial products company’s stock worth $25,002,000 after purchasing an additional 7,092 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 1.0 %

ROP traded up $5.32 during midday trading on Friday, reaching $546.21. 153,717 shares of the company were exchanged, compared to its average volume of 521,563. The company has a market cap of $58.47 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The company’s fifty day moving average price is $553.58 and its 200 day moving average price is $545.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.45 and a current ratio of 0.53.

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, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. As a group, analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Activity at Roper Technologies

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

Analyst Upgrades and Downgrades

ROP has been the topic of several recent research reports. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research report on Thursday. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $617.00 to $635.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $604.33.

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.