Marco Investment Management LLC Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Marco Investment Management LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,453 shares of the industrial products company’s stock after buying an additional 220 shares during the quarter. Marco Investment Management LLC’s holdings in Roper Technologies were worth $4,608,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 100,621 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 acquiring an additional 42,962 shares during the last quarter. Northern Trust Corp boosted its position in shares of Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after acquiring an additional 54,396 shares during the last quarter. Invesco Ltd. boosted its position in shares of Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after acquiring an additional 9,846 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. TD Cowen cut 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 research report on Thursday, January 4th. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upped their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Four equities research 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 company’s stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Stock Down 2.5 %

Shares of ROP stock traded down $13.63 during trading hours on Friday, reaching $526.78. 856,081 shares of the stock were exchanged, compared to its average volume of 498,846. The business’s fifty day moving average is $545.05 and its two-hundred day moving average is $533.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a 12-month low of $435.49 and a 12-month high of $565.00. The firm has a market capitalization of $56.38 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.78 and a beta of 0.99.

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

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.