HTLF Bank Takes Position in Roper Technologies, Inc. (NYSE:ROP)

HTLF Bank bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 963 shares of the industrial products company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Roper Technologies in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new position in Roper Technologies in the 3rd quarter valued at about $27,000. Compass Wealth Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at about $30,000. Fortis Capital Advisors LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $30,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $534.38 on Friday. The firm has a 50 day simple moving average of $545.64 and a 200 day simple moving average of $531.75. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.92 earnings per share. Research analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Insiders Place Their Bets

In other Roper Technologies 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 value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies 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.