Mackenzie Financial Corp Has $630.75 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Mackenzie Financial Corp raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,023 shares of the industrial products company's stock after purchasing an additional 33,544 shares during the period. Roper Technologies makes up approximately 0.9% of Mackenzie Financial Corp's holdings, making the stock its 23rd biggest position. Mackenzie Financial Corp owned 1.05% of Roper Technologies worth $630,749,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company's stock valued at $4,493,000 after purchasing an additional 5,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company's stock valued at $5,232,000 after purchasing an additional 7,768 shares during the period. Stifel Financial Corp boosted its holdings in Roper Technologies by 5.9% in the 4th quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company's stock valued at $27,416,000 after purchasing an additional 2,811 shares during the period. Rafferty Asset Management LLC boosted its holdings in Roper Technologies by 90.7% in the 4th quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company's stock valued at $29,092,000 after purchasing an additional 25,384 shares during the period. Finally, ORG Partners LLC boosted its holdings in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock valued at $652,000 after purchasing an additional 1,024 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the business's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird raised shares of Roper Technologies from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Jefferies Financial Group raised their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Truist Financial reaffirmed a "buy" rating and set a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada raised their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $616.00.

Roper Technologies Stock Up 0.2 %

ROP traded up $1.30 during trading on Friday, reaching $553.80. The company had a trading volume of 299,751 shares, compared to its average volume of 500,201. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The business's fifty day moving average price is $546.75 and its 200 day moving average price is $545.58. The company has a market cap of $59.28 billion, a P/E ratio of 40.19, a PEG ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating analysts' consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies's dividend payout ratio is presently 21.77%.

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.