Twin Capital Management Inc. Has $591,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Twin Capital Management Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,084 shares of the industrial products company’s stock after purchasing an additional 52 shares during the period. Twin Capital Management Inc.’s holdings in Roper Technologies were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROP. Moneta Group Investment Advisors LLC increased its position in 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 worth $745,065,000 after buying an additional 1,721,828 shares during the period. Norges Bank bought a new position in Roper Technologies during the 4th quarter worth $497,958,000. CI Private Wealth LLC bought a new position in Roper Technologies during the 4th quarter worth $245,541,000. Durable Capital Partners LP increased its position in 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 worth $659,009,000 after buying an additional 473,168 shares during the period. Finally, Mackenzie Financial Corp increased its position in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ROP shares. Mizuho increased their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Barclays raised their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada raised their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Raymond James raised their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Four investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Trading Up 1.3 %

NYSE ROP opened at $534.38 on Friday. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00. The business has a 50 day moving average price of $545.64 and a 200-day moving average price of $531.75. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.92 earnings per share. As a group, equities analysts expect that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 23.27%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by 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.