Geneva Partners LLC Takes $2.70 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Geneva Partners LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,975 shares of the industrial products company’s stock, valued at approximately $2,702,000. Roper Technologies makes up about 1.5% of Geneva Partners LLC’s holdings, making the stock its 27th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. Moneta Group Investment Advisors LLC raised 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 worth $745,065,000 after purchasing an additional 1,721,828 shares during the last quarter. Norges Bank purchased a new position in shares of Roper Technologies in the fourth quarter valued at approximately $497,958,000. CI Private Wealth LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $245,541,000. Durable Capital Partners LP increased its position in shares of Roper Technologies by 51.3% during the first quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock worth $659,009,000 after purchasing an additional 473,168 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, 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 available at this link. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Stock Up 1.3 %

ROP traded up $7.11 during trading hours on Friday, hitting $534.38. 764,380 shares of the company’s stock were exchanged, compared to its average volume of 499,155. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The firm has a 50 day moving average of $545.64 and a 200 day moving average of $531.75. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The firm has a market cap of $57.19 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $3.92 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is currently 23.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies 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.