Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,220 shares of the industrial products company’s stock after purchasing an additional 407 shares during the quarter. Roper Technologies comprises approximately 3.2% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 10th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Roper Technologies were worth $45,341,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Roper Technologies by 1.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 33,916 shares of the industrial products company’s stock valued at $17,631,000 after buying an additional 576 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of Roper Technologies by 9.9% in the fourth quarter. Guinness Asset Management LTD now owns 70,298 shares of the industrial products company’s stock valued at $36,544,000 after acquiring an additional 6,341 shares during the period. Strong Tower Advisory Services grew its stake in shares of Roper Technologies by 11.2% in the fourth quarter. Strong Tower Advisory Services now owns 4,103 shares of the industrial products company’s stock valued at $2,133,000 after acquiring an additional 413 shares in the last quarter. Smith Salley Wealth Management increased its position in Roper Technologies by 1.4% during the fourth quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company’s stock worth $18,125,000 after acquiring an additional 481 shares during the period. Finally, Raub Brock Capital Management LP raised its stake in Roper Technologies by 2.2% in the 4th quarter. Raub Brock Capital Management LP now owns 30,840 shares of the industrial products company’s stock worth $16,032,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROP. Oppenheimer initiated coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $623.33.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.6 %

ROP stock opened at $522.32 on Tuesday. The firm has a 50-day moving average price of $538.78 and a 200-day moving average price of $545.79. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $56.01 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 earnings per share. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is presently 24.14%.

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.