Bridges Investment Management Inc. Has $3.30 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Bridges Investment Management Inc. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,849 shares of the industrial products company’s stock after purchasing an additional 960 shares during the period. Bridges Investment Management Inc.’s holdings in Roper Technologies were worth $3,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC increased its stake in Roper Technologies by 6.4% during the 2nd quarter. Ieq Capital LLC now owns 10,268 shares of the industrial products company’s stock valued at $5,788,000 after purchasing an additional 614 shares in the last quarter. Intech Investment Management LLC boosted its stake in Roper Technologies by 5.7% during the 2nd quarter. Intech Investment Management LLC now owns 12,053 shares of the industrial products company’s stock valued at $6,794,000 after purchasing an additional 655 shares during the last quarter. Capco Asset Management LLC increased its holdings in Roper Technologies by 1.6% during the 2nd quarter. Capco Asset Management LLC now owns 25,043 shares of the industrial products company’s stock worth $14,116,000 after purchasing an additional 391 shares in the last quarter. Seven Eight Capital LP lifted its holdings in shares of Roper Technologies by 193.9% in the second quarter. Seven Eight Capital LP now owns 1,684 shares of the industrial products company’s stock valued at $949,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Gardner Lewis Asset Management L P boosted its position in shares of Roper Technologies by 27.7% during the second quarter. Gardner Lewis Asset Management L P now owns 5,779 shares of the industrial products company’s stock valued at $3,257,000 after buying an additional 1,254 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $558.04 on Friday. The stock has a market cap of $59.74 billion, a P/E ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The firm’s fifty day moving average price is $547.91 and its 200-day moving average price is $545.30.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, equities research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Barclays boosted their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Truist Financial reiterated a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $616.00.

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.