Gitterman Wealth Management LLC Invests $233,000 in Roper Technologies, Inc. (NYSE:ROP)

Gitterman Wealth Management LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 428 shares of the industrial products company’s stock, valued at approximately $233,000.

A number of other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in Roper Technologies in the third quarter worth $27,000. Independence Bank of Kentucky bought a new stake in Roper Technologies in the fourth quarter worth $31,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies during the third quarter worth $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated 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 directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

ROP traded down $13.63 during trading hours on Friday, hitting $526.78. The company’s stock had a trading volume of 856,081 shares, compared to its average volume of 498,846. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $56.38 billion, a PE ratio of 38.23, a PEG ratio of 2.78 and a beta of 0.99. The company has a 50-day simple moving average of $545.05 and a 200 day simple moving average of $533.61.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $3.90 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. 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 payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research analyst reports. Oppenheimer boosted 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. Mizuho boosted their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada increased their target price 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, Raymond James increased their price target 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. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

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.