Tandem Investment Advisors Inc. Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Tandem Investment Advisors Inc. boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 63,495 shares of the industrial products company’s stock after buying an additional 3,839 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Roper Technologies were worth $35,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after acquiring an additional 125,387 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 last quarter. Mackenzie Financial Corp boosted its stake in shares of Roper Technologies by 3.1% during the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after purchasing an additional 33,544 shares during the period. Legal & General Group Plc grew its holdings in shares of Roper Technologies by 7.6% in the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after purchasing an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Roper Technologies by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock worth $451,901,000 after buying an additional 33,780 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $572.26 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $550.83 and its 200 day moving average price is $546.24. Roper Technologies, Inc. has a 52 week low of $507.59 and a 52 week high of $579.10. The firm has a market cap of $61.36 billion, a P/E ratio of 41.86, a P/E/G ratio of 2.83 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.32 EPS. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s payout ratio is 21.95%.

Analyst Upgrades and Downgrades

Several 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 research report on Thursday, July 25th. Oppenheimer decreased their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Company 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.