Bahl & Gaynor Inc. Grows Stake in Roper Technologies, Inc. (NYSE:ROP)

Bahl & Gaynor Inc. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,863 shares of the industrial products company’s stock after acquiring an additional 367 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Roper Technologies were worth $10,829,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. Mackenzie Financial Corp increased its position in shares of Roper Technologies by 45.6% during the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Roper Technologies in the third quarter worth about $82,379,000. Envestnet Asset Management Inc. grew its stake in Roper Technologies by 81.7% in the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after purchasing an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Roper Technologies by 512.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after purchasing an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in 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 purchasing an additional 100,621 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the business’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 sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Oppenheimer lifted their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Raymond James lifted their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada lifted their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Performance

ROP stock traded down $13.63 during midday trading on Friday, reaching $526.78. The company had a trading volume of 856,077 shares, compared to its average volume of 505,450. The stock has a 50 day moving average price of $545.05 and a 200 day moving average price of $533.36. The firm has a market capitalization of $56.38 billion, a PE ratio of 40.87, a P/E/G ratio of 2.83 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.90 earnings per share. Analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. 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.