Harbor Capital Advisors Inc. Takes $1.39 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Harbor Capital Advisors Inc. purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,354 shares of the industrial products company's stock, valued at approximately $1,388,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at $26,000. Putney Financial Group LLC acquired a new stake in Roper Technologies in the 4th quarter valued at $31,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies in the fourth quarter valued at about $36,000. Parvin Asset Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $39,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $38,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP traded down $11.28 during mid-day trading on Friday, hitting $560.75. The stock had a trading volume of 436,797 shares, compared to its average volume of 547,919. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two 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. The company has a market cap of $60.29 billion, a PE ratio of 39.10, a PEG ratio of 2.77 and a beta of 1.03. The company's fifty day simple moving average is $563.80 and its two-hundred day simple moving average is $558.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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 company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.41 earnings per share. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Wall Street Analyst Weigh In

ROP has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $632.36.

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.