Tandem Investment Advisors Inc. Has $29.46 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Tandem Investment Advisors Inc. reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 54,033 shares of the industrial products company’s stock after selling 2,611 shares during the period. Tandem Investment Advisors Inc.’s holdings in Roper Technologies were worth $29,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its position in 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 acquiring an additional 4,334 shares during the period. Duncker Streett & Co. Inc. increased its position in Roper Technologies by 1.4% during the fourth quarter. Duncker Streett & Co. Inc. now owns 6,623 shares of the industrial products company’s stock worth $3,611,000 after acquiring an additional 92 shares during the period. Everence Capital Management Inc. increased its position in Roper Technologies by 30.7% during the fourth quarter. Everence Capital Management Inc. now owns 6,900 shares of the industrial products company’s stock worth $3,762,000 after acquiring an additional 1,620 shares during the period. Hamilton Point Investment Advisors LLC increased its position in Roper Technologies by 0.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 11,682 shares of the industrial products company’s stock worth $6,369,000 after acquiring an additional 86 shares during the period. Finally, Mackenzie Financial Corp increased its position in Roper Technologies by 45.6% during the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ROP shares. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James raised their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Mizuho raised their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Oppenheimer raised their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

Shares of ROP traded down $0.51 during mid-day trading on Wednesday, reaching $526.47. The company had a trading volume of 426,007 shares, compared to its average volume of 495,698. The company’s 50 day simple moving average is $546.76 and its 200 day simple moving average is $531.46. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company has a market capitalization of $56.34 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $3.92 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 23.27%.

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.