Beaumont Financial Advisors LLC Buys 20 Shares of Roper Technologies, Inc. (NYSE:ROP)

Beaumont Financial Advisors LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 832 shares of the industrial products company’s stock after purchasing an additional 20 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Roper Technologies were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $749,000. HTLF Bank purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $525,000. Fidelis Capital Partners LLC lifted its position in shares of Roper Technologies by 2.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 862 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 24 shares during the period. Xponance Inc. lifted its position in shares of Roper Technologies by 4.0% in the 4th quarter. Xponance Inc. now owns 13,464 shares of the industrial products company’s stock worth $7,340,000 after purchasing an additional 512 shares during the period. Finally, Tilt Investment Management Holdings PBC purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $238,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 1.3 %

NYSE ROP opened at $534.38 on Friday. The company has a fifty day simple moving average of $545.64 and a two-hundred day simple moving average of $531.75. The stock has a market cap of $57.19 billion, a P/E ratio of 41.46, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.92 earnings per share. On average, analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is presently 23.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROP shares. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research report on Thursday, January 4th. Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company increased their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada increased their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is owned by company insiders.

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.