Hamilton Point Investment Advisors LLC Has $6.37 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Hamilton Point Investment Advisors LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 11,682 shares of the industrial products company’s stock after acquiring an additional 86 shares during the period. Roper Technologies comprises approximately 1.3% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 28th biggest position. Hamilton Point Investment Advisors LLC’s holdings in Roper Technologies were worth $6,369,000 at the end of the most recent reporting period.

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

Roper Technologies Stock Down 1.4 %

Shares of Roper Technologies stock traded down $7.57 during trading hours on Monday, reaching $528.26. The company’s stock had a trading volume of 726,593 shares, compared to its average volume of 497,618. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The company has a market capitalization of $56.53 billion, a P/E ratio of 40.98, a P/E/G ratio of 2.82 and a beta of 0.99. The stock’s fifty day simple moving average is $547.48 and its two-hundred day simple moving average is $530.87. 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 data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $3.92 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Insider Buying and Selling at Roper Technologies

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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. TD Cowen cut 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 report on Thursday, January 4th. Oppenheimer increased their price objective 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. 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 report on Tuesday, April 2nd. Raymond James increased their price objective 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, Wells Fargo & Company increased their price objective 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. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

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.