DRW Securities LLC Invests $453,000 in Roper Technologies, Inc. (NYSE:ROP)

DRW Securities LLC purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 804 shares of the industrial products company’s stock, valued at approximately $453,000.

A number of other hedge funds have also bought and sold shares of ROP. First Trust Advisors LP grew its position in shares of Roper Technologies by 149.7% in the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after acquiring an additional 220,006 shares in the last quarter. Wellington Management Group LLP lifted its stake in Roper Technologies by 134.5% during the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after purchasing an additional 156,468 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after purchasing an additional 125,387 shares during the period. American Century Companies Inc. raised its holdings in shares of Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after purchasing an additional 118,971 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after purchasing an additional 102,199 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

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

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $557.75 on Tuesday. The firm has a market cap of $59.70 billion, a P/E ratio of 40.48, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $547.89 and a 200 day simple moving average of $545.47.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts predict 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 of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on ROP shares. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has a consensus 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.