Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Westwind Capital

Westwind Capital increased its position in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,884 shares of the industrial products company’s stock after buying an additional 739 shares during the quarter. Roper Technologies accounts for 5.5% of Westwind Capital’s portfolio, making the stock its 7th biggest holding. Westwind Capital’s holdings in Roper Technologies were worth $21,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. GAMMA Investing LLC increased its holdings in Roper Technologies by 18.4% in the 1st quarter. GAMMA Investing LLC now owns 425 shares of the industrial products company’s stock valued at $238,000 after buying an additional 66 shares during the period. First Financial Bank Trust Division raised its position in Roper Technologies by 70.0% in the first quarter. First Financial Bank Trust Division now owns 8,541 shares of the industrial products company’s stock worth $4,790,000 after purchasing an additional 3,518 shares in the last quarter. Appleton Partners Inc. MA raised its position in Roper Technologies by 24.9% in the first quarter. Appleton Partners Inc. MA now owns 21,854 shares of the industrial products company’s stock worth $12,257,000 after purchasing an additional 4,361 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Roper Technologies during the fourth quarter worth about $490,000. Finally, Quadrature Capital Ltd acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $12,812,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

ROP traded up $6.51 during midday trading on Wednesday, hitting $560.10. The company had a trading volume of 496,136 shares, compared to its average volume of 451,335. Roper Technologies, Inc. has a twelve month low of $453.17 and a twelve month high of $565.00. The company has a market capitalization of $59.95 billion, a PE ratio of 40.65, a P/E/G ratio of 2.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm’s 50-day simple moving average is $535.86 and its 200-day simple moving average is $541.44.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.90 EPS. Equities research analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio is 21.77%.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Roper Technologies

Roper Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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