First Financial Bank Trust Division Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Financial Bank Trust Division increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 70.0% during the 1st quarter, Holdings Channel reports. The firm owned 8,541 shares of the industrial products company’s stock after purchasing an additional 3,518 shares during the quarter. First Financial Bank Trust Division’s holdings in Roper Technologies were worth $4,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Roper Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after purchasing an additional 100,621 shares during the last quarter. Norges Bank purchased a new position in Roper Technologies during the fourth quarter worth about $756,176,000. Northern Trust Corp boosted its stake in Roper Technologies by 5.0% in the third quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after acquiring an additional 54,396 shares during the last quarter. Invesco Ltd. boosted its stake in Roper Technologies by 1.0% in the third quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after acquiring an additional 9,846 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Roper Technologies stock traded up $4.46 during midday trading on Tuesday, reaching $558.05. 100,014 shares of the stock were exchanged, compared to its average volume of 513,057. The company’s fifty day moving average is $535.05 and its 200-day moving average is $541.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a market cap of $59.73 billion, a PE ratio of 40.17, a PEG ratio of 2.88 and a beta of 1.01. Roper Technologies, Inc. has a 52 week low of $453.17 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.90 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction 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 Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Barclays boosted their target price 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. Finally, Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

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.