Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Windward Capital Management Co. CA

Windward Capital Management Co. CA raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 99.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116 shares of the industrial products company's stock after purchasing an additional 1,550 shares during the quarter. Windward Capital Management Co. CA's holdings in Roper Technologies were worth $1,734,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Central Pacific Bank Trust Division purchased a new stake in Roper Technologies in the first quarter valued at approximately $35,000. Empowered Funds LLC raised its position in Roper Technologies by 159.1% in the 1st quarter. Empowered Funds LLC now owns 3,293 shares of the industrial products company's stock valued at $1,847,000 after purchasing an additional 2,022 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Roper Technologies by 82.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,835 shares of the industrial products company's stock valued at $4,394,000 after buying an additional 3,543 shares during the period. Forsta AP Fonden grew its position in shares of Roper Technologies by 15.7% during the first quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company's stock worth $11,553,000 after buying an additional 2,800 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Roper Technologies by 7.5% in the first quarter. Atomi Financial Group Inc. now owns 1,099 shares of the industrial products company's stock valued at $616,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $4.64 during midday trading on Friday, hitting $567.62. The stock had a trading volume of 391,881 shares, compared to its average volume of 496,471. The stock has a 50 day moving average price of $551.46 and a two-hundred day moving average price of $546.62. Roper Technologies, Inc. has a 1 year low of $508.07 and a 1 year high of $579.10. The company has a market capitalization of $60.87 billion, a PE ratio of 41.52, a P/E/G ratio of 2.95 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the prior year, the company earned $4.32 EPS. The firm's revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio is 24.14%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Oppenheimer lowered their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Finally, Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $620.80.

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.