Independence Bank of Kentucky Acquires Shares of 57 Roper Technologies, Inc. (NYSE:ROP)

Independence Bank of Kentucky acquired a new stake in Roper Technologies, Inc. (NYSE:ROPFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 57 shares of the industrial products company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in shares of Roper Technologies by 68,873.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after acquiring an additional 1,721,828 shares during the period. Norges Bank bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $497,958,000. CI Private Wealth LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $245,541,000. Durable Capital Partners LP grew its position in shares of Roper Technologies by 51.3% during the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after acquiring an additional 473,168 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Roper Technologies by 26.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,151,511 shares of the industrial products company’s stock valued at $553,646,000 after acquiring an additional 239,623 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.2 %

Shares of NYSE:ROP opened at $544.68 on Thursday. The firm has a fifty day moving average price of $549.00 and a two-hundred day moving average price of $528.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The company has a market cap of $58.29 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 2.88 and a beta of 0.99.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm earned $3.92 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday. Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho raised their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Four research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Get Our Latest Analysis on Roper Technologies

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

About Roper Technologies

(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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