Bank Julius Baer & Co. Ltd Zurich Has $108.61 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,213 shares of the industrial products company’s stock after selling 375 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Roper Technologies were worth $108,605,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. AE Wealth Management LLC increased its stake in Roper Technologies by 93.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 793 shares in the last quarter. Capital Investment Advisors LLC bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $473,000. DAVENPORT & Co LLC grew its stake in shares of Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 68 shares in the last quarter. Caprock Group LLC grew its stake in shares of Roper Technologies by 15.1% during the 3rd quarter. Caprock Group LLC now owns 1,406 shares of the industrial products company’s stock worth $681,000 after acquiring an additional 184 shares in the last quarter. Finally, RDA Financial Network grew its stake in shares of Roper Technologies by 40.1% during the 3rd quarter. RDA Financial Network now owns 789 shares of the industrial products company’s stock worth $382,000 after acquiring an additional 226 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROP. Raymond James raised their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Barclays raised their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Finally, Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $2.40 during mid-day trading on Thursday, reaching $540.41. The company had a trading volume of 552,496 shares, compared to its average volume of 501,062. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The firm has a market cap of $57.83 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.84 and a beta of 0.99. The business’s 50-day simple moving average is $545.58 and its 200 day simple moving average is $533.12.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $3.92 earnings per share. Roper Technologies’s revenue was up 12.7% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.94% of the company’s stock.

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.