Axxcess Wealth Management LLC Buys 134 Shares of Roper Technologies, Inc. (NYSE:ROP)

Axxcess Wealth Management LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,288 shares of the industrial products company’s stock after purchasing an additional 134 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Roper Technologies were worth $6,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Vanguard Group Inc. increased its position in Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Roper Technologies by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after purchasing an additional 42,962 shares during the last quarter. Northern Trust Corp boosted its stake in Roper Technologies by 5.0% in the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock worth $550,743,000 after purchasing an additional 54,396 shares in the last quarter. Invesco Ltd. increased its stake in Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after purchasing an additional 9,846 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ROP shares. Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Raymond James boosted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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 stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

Roper Technologies Price Performance

ROP stock traded up $6.39 during mid-day trading on Friday, reaching $517.21. 1,067,608 shares of the company’s stock were exchanged, compared to its average volume of 573,615. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. The stock’s 50 day moving average is $541.39 and its 200 day moving average is $533.82. The company has a market cap of $55.36 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.90 EPS. On average, research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is 21.77%.

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.