Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,874 shares of the industrial products company’s stock after buying an additional 1,066 shares during the quarter. Roper Technologies comprises about 0.8% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 29th biggest position. Farmers & Merchants Investments Inc.’s holdings in Roper Technologies were worth $22,363,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Roper Technologies during the first quarter worth $27,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $32,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter worth $38,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

NYSE:ROP traded up $0.59 during mid-day trading on Tuesday, reaching $563.22. The stock had a trading volume of 182,094 shares, compared to its average volume of 515,950. The company has a market capitalization of $60.29 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $471.93 and a 1-year high of $569.49. The stock’s 50 day simple moving average is $540.08 and its two-hundred day simple moving average is $542.55. 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 (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $3.90 earnings per share. Equities analysts anticipate that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Ratings Changes

ROP has been the topic of a number of research analyst reports. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Royal Bank of Canada reduced their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Finally, Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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.