Texas Bank & Trust Co Purchases New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Texas Bank & Trust Co acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 700 shares of the industrial products company’s stock, valued at approximately $364,000.

Several other large investors also recently added to or reduced their stakes in ROP. Manchester Capital Management LLC grew its holdings in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after buying an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC grew its stake in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 18 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after purchasing an additional 20 shares during the period. Exchange Capital Management Inc. grew its position in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 20 shares in the last quarter. Finally, PFG Investments LLC increased its stake in Roper Technologies by 1.1% in the 4th quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 21 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an “outperform” rating on the stock. Royal Bank of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Barclays restated an “underweight” rating 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 assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Trading Up 1.5%

NYSE:ROP opened at $582.88 on Monday. The company’s 50 day moving average is $565.24 and its 200-day moving average is $556.53. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market cap of $62.67 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $4.41 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was 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. The trade was a 8.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is owned by corporate insiders.

About Roper Technologies

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.