HighPoint Advisor Group LLC Invests $490,000 in Roper Technologies, Inc. (NYSE:ROP)

HighPoint Advisor Group LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 889 shares of the industrial products company’s stock, valued at approximately $490,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares during the last quarter. Norges Bank purchased a new position in Roper Technologies in the fourth quarter valued at $756,176,000. Northern Trust Corp increased its holdings in Roper Technologies by 5.0% in the third quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after buying an additional 54,396 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after buying an additional 280,873 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Roper Technologies by 32.8% in the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after buying an additional 211,967 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $560.10 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market cap of $59.95 billion, a P/E ratio of 32.53, a PEG ratio of 2.94 and a beta of 1.01. Roper Technologies, Inc. has a 52 week low of $453.17 and a 52 week high of $565.00. The company has a 50-day moving average price of $535.86 and a 200 day moving average price of $541.44.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.90 earnings per share. Research analysts predict that Roper Technologies, Inc. will post 18.15 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. Mizuho increased their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Royal Bank of Canada dropped their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Finally, Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.82.

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.