FormulaFolio Investments LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,152 shares of the industrial products company’s stock, valued at approximately $497,000.
Several other large investors also recently modified their holdings of ROP. Price T Rowe Associates Inc. MD boosted its position in shares of Roper Technologies by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,785,311 shares of the industrial products company’s stock worth $5,511,619,000 after acquiring an additional 1,207,254 shares during the last quarter. Norges Bank purchased a new stake in Roper Technologies during the fourth quarter valued at $430,482,000. First Trust Advisors LP raised its stake in Roper Technologies by 398.0% during the fourth quarter. First Trust Advisors LP now owns 398,556 shares of the industrial products company’s stock valued at $171,814,000 after purchasing an additional 318,521 shares in the last quarter. FMR LLC raised its stake in Roper Technologies by 10.8% during the fourth quarter. FMR LLC now owns 3,063,991 shares of the industrial products company’s stock valued at $1,320,856,000 after purchasing an additional 298,628 shares in the last quarter. Finally, Flossbach Von Storch AG raised its stake in Roper Technologies by 68.6% during the fourth quarter. Flossbach Von Storch AG now owns 662,881 shares of the industrial products company’s stock valued at $285,761,000 after purchasing an additional 269,628 shares in the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.
A number of research firms recently issued reports on ROP. Argus upped their price target on shares of Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Roper Technologies from $320.00 to $310.00 and set an “underweight” rating on the stock in a research note on Monday, February 1st. Oppenheimer raised shares of Roper Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 price target on the stock in a research note on Tuesday, March 23rd. Finally, Barclays increased their target price on shares of Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $428.78.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, January 28th. The industrial products company reported $3.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.49 by $0.07. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. Roper Technologies had a net margin of 28.89% and a return on equity of 13.53%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.39 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 12.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 22nd. Investors of record on Monday, April 5th will be paid a $0.563 dividend. This represents a $2.25 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, April 1st. This is an increase from Roper Technologies’s previous quarterly dividend of $0.56. Roper Technologies’s dividend payout ratio (DPR) is currently 17.24%.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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