Welch & Forbes LLC Acquires 1,122 Shares of Roper Technologies, Inc. (NYSE:ROP)

Welch & Forbes LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,657 shares of the industrial products company’s stock after purchasing an additional 1,122 shares during the quarter. Roper Technologies comprises 1.6% of Welch & Forbes LLC’s holdings, making the stock its 16th largest holding. Welch & Forbes LLC owned 0.18% of Roper Technologies worth $106,666,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. LGT Group Foundation lifted its position in shares of Roper Technologies by 4.9% during the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after buying an additional 1,804 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after buying an additional 3,500 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock valued at $7,986,000 after purchasing an additional 4,334 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Roper Technologies by 4.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock valued at $166,611,000 after purchasing an additional 11,744 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies 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 transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

ROP has been the topic of several research analyst reports. Royal Bank of Canada lowered their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Mizuho increased their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Raymond James upped their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Three 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Stock Performance

ROP traded down $1.67 during trading on Monday, hitting $515.54. The stock had a trading volume of 651,690 shares, compared to its average volume of 525,328. The company has a 50 day moving average price of $540.75 and a 200-day moving average price of $534.55. The firm has a market cap of $55.18 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

About Roper Technologies

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.