First Trust Direct Indexing L.P. Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Trust Direct Indexing L.P. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 18.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,060 shares of the industrial products company’s stock after buying an additional 481 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Roper Technologies were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LGT Group Foundation grew its position in Roper Technologies by 4.9% in the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after buying an additional 1,804 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Roper Technologies by 236.1% in the fourth 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. Schwartz Investment Counsel Inc. increased its stake in Roper Technologies by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Roper Technologies by 42.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after purchasing an additional 4,334 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.5 %

Shares of ROP opened at $560.45 on Friday. The business’s 50-day moving average price is $541.87 and its 200 day moving average price is $543.11. The stock has a market capitalization of $59.99 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.94 and a beta of 1.02. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1-year low of $471.93 and a 1-year high of $569.49.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $3.90 earnings per share. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction 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 sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ROP. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Mizuho raised their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $584.82.

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.