Intech Investment Management LLC Buys 4,562 Shares of Roper Technologies, Inc. (NYSE:ROP)

Intech Investment Management LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 37.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,615 shares of the industrial products company’s stock after purchasing an additional 4,562 shares during the period. Intech Investment Management LLC’s holdings in Roper Technologies were worth $9,245,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Roper Technologies by 20.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 107,905 shares of the industrial products company’s stock valued at $60,042,000 after buying an additional 18,336 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Roper Technologies by 62.2% in the third quarter. Citizens Financial Group Inc. RI now owns 1,643 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 630 shares during the last quarter. Moran Wealth Management LLC raised its position in Roper Technologies by 1.7% during the third quarter. Moran Wealth Management LLC now owns 5,356 shares of the industrial products company’s stock valued at $2,980,000 after purchasing an additional 90 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Roper Technologies by 15.7% during the third quarter. Advisors Asset Management Inc. now owns 4,036 shares of the industrial products company’s stock worth $2,246,000 after purchasing an additional 549 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its holdings in shares of Roper Technologies by 6.4% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 3,203 shares of the industrial products company’s stock valued at $1,782,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROP. Jefferies Financial Group boosted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Stock Up 0.8 %

Shares of ROP opened at $553.82 on Friday. The stock’s 50-day moving average price is $552.26 and its two-hundred day moving average price is $548.72. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The company has a market capitalization of $59.39 billion, a PE ratio of 40.51, a PEG ratio of 2.86 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm earned $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

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.