First Heartland Consultants Inc. Buys 93 Shares of Roper Technologies, Inc. (NYSE:ROP)

First Heartland Consultants Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664 shares of the industrial products company’s stock after acquiring an additional 93 shares during the period. First Heartland Consultants Inc.’s holdings in Roper Technologies were worth $345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Roper Technologies by 15.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,529 shares of the industrial products company’s stock valued at $567,951,000 after acquiring an additional 147,343 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Roper Technologies by 172.6% in the 4th quarter. Voloridge Investment Management LLC now owns 257,075 shares of the industrial products company’s stock valued at $133,640,000 after purchasing an additional 162,765 shares during the last quarter. Waverly Advisors LLC lifted its stake in Roper Technologies by 67.2% in the 4th quarter. Waverly Advisors LLC now owns 4,015 shares of the industrial products company’s stock valued at $2,087,000 after purchasing an additional 1,613 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $17,489,000. Finally, Woodline Partners LP lifted its stake in Roper Technologies by 86.9% in the 4th quarter. Woodline Partners LP now owns 75,851 shares of the industrial products company’s stock valued at $39,431,000 after purchasing an additional 35,272 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. Finally, Truist Financial restated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Stock Down 0.7%

NYSE ROP opened at $569.07 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a 50 day moving average of $565.76 and a 200-day moving average of $557.25. The company has a market cap of $61.18 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the business earned $4.41 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s payout ratio is 23.81%.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Company 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.