West Family Investments Inc. Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

West Family Investments Inc. boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 23.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,020 shares of the industrial products company’s stock after buying an additional 195 shares during the quarter. West Family Investments Inc.’s holdings in Roper Technologies were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies in the third quarter valued at $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. Wetzel Investment Advisors Inc. bought a new position in Roper Technologies in the 4th quarter valued at about $31,000. Finally, Lee Financial Co bought a new position in shares of Roper Technologies during the 3rd quarter valued at about $34,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer restated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday. Raymond James raised their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $579.83.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.94% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock traded down $6.07 during trading hours on Thursday, hitting $508.69. The company’s stock had a trading volume of 177,289 shares, compared to its average volume of 511,290. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $543.08 and a 200 day moving average of $533.88. The stock has a market cap of $54.45 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $3.90 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 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.