First Manhattan CO. LLC. Raises Position in Roper Technologies, Inc. (NYSE:ROP)

First Manhattan CO. LLC. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,041 shares of the industrial products company’s stock after acquiring an additional 95 shares during the period. First Manhattan CO. LLC.’s holdings in Roper Technologies were worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. JPMorgan Chase & Co. boosted its position in shares of Roper Technologies by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock worth $368,382,000 after purchasing an additional 45,947 shares during the period. Czech National Bank increased its stake in Roper Technologies by 6.5% in the 4th quarter. Czech National Bank now owns 23,249 shares of the industrial products company’s stock worth $12,086,000 after buying an additional 1,412 shares in the last quarter. Threadgill Financial LLC raised its holdings in Roper Technologies by 9.7% during the fourth quarter. Threadgill Financial LLC now owns 5,345 shares of the industrial products company’s stock valued at $2,779,000 after acquiring an additional 474 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $1,232,000. Finally, Capital Investment Advisors LLC boosted its stake in shares of Roper Technologies by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,050 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 169 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROP. Oppenheimer reaffirmed an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Raymond James restated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $620.91.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $570.48 on Friday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a market capitalization of $61.34 billion, a PE ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a 50 day moving average price of $565.97 and a 200-day moving average price of $555.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.41 earnings per share. As a group, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current 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 issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is currently 23.81%.

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.