Naples Money Management LLC Invests $82,000 in Roper Technologies, Inc. (NYSE:ROP)

Naples Money Management LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 150 shares of the industrial products company’s stock, valued at approximately $82,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares in the last quarter. State Street Corp increased its position in Roper Technologies by 1.6% during the 1st quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock valued at $1,892,695,000 after buying an additional 68,038 shares in the last quarter. Morgan Stanley increased its position in Roper Technologies by 2.9% during the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after buying an additional 95,728 shares in the last quarter. Principal Financial Group Inc. increased its position in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after buying an additional 42,962 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Roper Technologies by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock valued at $873,554,000 after buying an additional 135,524 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Stock Performance

Shares of ROP stock traded up $7.11 on Friday, reaching $534.38. The stock had a trading volume of 764,380 shares, compared to its average volume of 499,155. The stock has a market cap of $57.19 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company has a 50 day simple moving average of $545.95 and a 200 day simple moving average of $531.40.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $3.92 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company’s stock.

About Roper Technologies

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.