Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its position in Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,863 shares of the industrial products company’s stock after buying an additional 367 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Roper Technologies were worth $10,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the third quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies in the third quarter valued at $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. Finally, Lee Financial Co acquired a new stake in shares of Roper Technologies in the third quarter valued at $34,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROP. Royal Bank of Canada lifted their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Raymond James lifted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Finally, Mizuho lifted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Roper Technologies Stock Down 2.5 %

NYSE ROP traded down $13.63 during trading on Friday, reaching $526.78. 856,077 shares of the company’s stock were exchanged, compared to its average volume of 505,450. The company has a 50 day moving average price of $545.05 and a two-hundred day moving average price of $533.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 1 year low of $435.49 and a 1 year high of $565.00. The stock has a market cap of $56.38 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the firm earned $3.90 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

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.