Ritholtz Wealth Management raised its position in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 6.3% in the 1st quarter, Holdings Channel reports. The firm owned 555 shares of the industrial products company’s stock after buying an additional 33 shares during the quarter. Ritholtz Wealth Management’s holdings in Roper Technologies were worth $327,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Roper Technologies by 2.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock valued at $20,537,000 after buying an additional 917 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $2,395,000. Assenagon Asset Management S.A. raised its position in shares of Roper Technologies by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock valued at $1,808,000 after buying an additional 30 shares in the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of Roper Technologies by 41.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company’s stock valued at $2,106,000 after buying an additional 1,182 shares in the last quarter. 93.31% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on ROP shares. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Barclays restated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer restated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird raised their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $632.36.
Roper Technologies Price Performance
Shares of NYSE:ROP opened at $561.99 on Friday. The stock has a market cap of $60.42 billion, a PE ratio of 39.19, a PEG ratio of 2.77 and a beta of 1.03. The company’s fifty day moving average is $565.93 and its 200 day moving average is $558.16. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.
Roper Technologies (NYSE:ROP – Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.41 EPS. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s payout ratio is 23.81%.
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.
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