ZWJ Investment Counsel Inc. Has $29.15 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

ZWJ Investment Counsel Inc. reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,474 shares of the industrial products company’s stock after selling 94 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Roper Technologies were worth $29,152,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after acquiring an additional 100,621 shares during 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 worth $1,892,695,000 after purchasing an additional 68,038 shares in the last quarter. Morgan Stanley lifted its stake in Roper Technologies by 2.9% in 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 purchasing an additional 95,728 shares during the last quarter. Principal Financial Group Inc. boosted its position in Roper Technologies by 1.7% in the third 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 grew its stake in shares of Roper Technologies by 7.3% during the first quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock worth $873,554,000 after buying an additional 135,524 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ROP. Oppenheimer increased their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Mizuho boosted their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Barclays raised their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Four 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 data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

Roper Technologies Trading Up 1.3 %

NYSE:ROP traded up $7.11 on Friday, reaching $534.38. 764,380 shares of the stock traded hands, compared to its average volume of 499,155. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The company’s 50 day moving average is $545.64 and its 200-day moving average is $531.75. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

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

Roper Technologies Announces Dividend

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

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.