111 Capital Takes Position in Roper Technologies, Inc. (NYSE:ROP)

111 Capital bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,409 shares of the industrial products company's stock, valued at approximately $2,292,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Manchester Capital Management LLC raised its stake in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after purchasing an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC increased its holdings in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after buying an additional 18 shares during the period. Principal Securities Inc. raised its position in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after buying an additional 20 shares during the last quarter. Exchange Capital Management Inc. lifted its stake in Roper Technologies by 0.7% during the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after acquiring an additional 20 shares during the period. Finally, Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Roper Technologies by 2.7% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROP. Royal Bank of Canada raised their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Truist Financial reiterated a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of ROP stock traded up $5.02 during trading hours on Friday, hitting $569.29. 808,786 shares of the company's stock were exchanged, compared to its average volume of 549,599. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $61.21 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $565.01 and a two-hundred day moving average of $557.45.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. During the same quarter in the previous year, the firm earned $4.41 earnings per share. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

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.