Stratos Wealth Partners LTD. Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Stratos Wealth Partners LTD. increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524 shares of the industrial products company’s stock after buying an additional 71 shares during the period. Stratos Wealth Partners LTD.’s holdings in Roper Technologies were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. Lord Abbett & CO. LLC boosted its position in shares of Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after buying an additional 463 shares in the last quarter. Prudential PLC purchased a new position in Roper Technologies in the 1st quarter valued at about $1,038,000. Cetera Investment Advisers lifted its holdings in Roper Technologies by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock valued at $1,849,000 after purchasing an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Roper Technologies in the 1st quarter valued at about $367,000. Finally, Candriam Luxembourg S.C.A. lifted its holdings in Roper Technologies by 432.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock valued at $17,569,000 after purchasing an additional 30,214 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ROP shares. Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Mizuho upped their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Stock Down 1.4 %

ROP opened at $528.26 on Tuesday. The firm has a 50 day moving average price of $547.13 and a 200 day moving average price of $531.16. The company has a market cap of $56.53 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’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 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

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 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.