Kestra Advisory Services LLC Has $5.06 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Kestra Advisory Services LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,707 shares of the industrial products company’s stock after purchasing an additional 1,945 shares during the quarter. Kestra Advisory Services LLC’s holdings in Roper Technologies were worth $5,058,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. IFG Advisory LLC boosted its position in Roper Technologies by 4.5% during the third quarter. IFG Advisory LLC now owns 581 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 25 shares during the period. Red Spruce Capital LLC boosted its position in shares of Roper Technologies by 1.4% in the fourth quarter. Red Spruce Capital LLC now owns 1,803 shares of the industrial products company’s stock valued at $779,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC boosted its position in shares of Roper Technologies by 12.1% in the third quarter. Global Retirement Partners LLC now owns 241 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 26 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of Roper Technologies by 41.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 89 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Finally, Clarius Group LLC boosted its position in shares of Roper Technologies by 2.5% in the fourth quarter. Clarius Group LLC now owns 1,049 shares of the industrial products company’s stock valued at $453,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

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Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $436.00, for a total transaction of $109,000.00. Following the sale, the director now directly owns 6,153 shares in the company, valued at $2,682,708. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Christopher Wright sold 471 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $429.55, for a total value of $202,318.05. Following the sale, the director now directly owns 38,127 shares in the company, valued at $16,377,452.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 250 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $436.00, for a total value of $109,000.00. Following the completion of the sale, the director now owns 6,153 shares in the company, valued at $2,682,708. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROP. Robert W. Baird reissued a “neutral” rating and issued a $476.00 target price on shares of Roper Technologies in a research report on Monday, March 20th. StockNews.com initiated coverage on shares of Roper Technologies in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $528.00 price target on shares of Roper Technologies in a research note on Wednesday, March 22nd. Mizuho initiated coverage on Roper Technologies in a research note on Thursday, March 23rd. They issued a “neutral” rating and a $475.00 price target for the company. Finally, Wolfe Research raised Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target for the company in a research note on Thursday, February 23rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $492.08.

Roper Technologies Stock Up 0.7 %

Shares of NYSE ROP opened at $442.92 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a market cap of $47.06 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.61 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $356.21 and a 12 month high of $487.47. The stock has a 50-day moving average price of $429.93 and a two-hundred day moving average price of $422.81.

Roper Technologies (NYSE:ROP – Get Rating) last released its quarterly earnings results on Friday, January 27th. The industrial products company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Roper Technologies had a return on equity of 11.43% and a net margin of 80.89%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.73 earnings per share. As a group, analysts forecast that Roper Technologies, Inc. will post 16.07 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Thursday, April 6th will be issued a dividend of $0.683 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $2.73 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, April 5th. Roper Technologies’s payout ratio is 6.41%.

Roper Technologies Profile

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.

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