Hantz Financial Services Inc. Invests $3.15 Million in Roper Technologies, Inc. (NYSE:ROP)

Hantz Financial Services Inc. purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,585 shares of the industrial products company’s stock, valued at approximately $3,148,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Norges Bank purchased a new stake in shares of Roper Technologies in the 4th quarter valued at $756,176,000. Bank of New York Mellon Corp grew its holdings in shares of Roper Technologies by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock valued at $737,489,000 after purchasing an additional 68,957 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Roper Technologies by 32.8% in the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after purchasing an additional 211,967 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated 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 sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock valued at $2,214,019 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $554.41 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average price is $549.83 and its 200-day moving average price is $544.49. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The stock has a market cap of $59.35 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

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.