4,410 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,410 shares of the industrial products company's stock, valued at approximately $2,600,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. boosted its holdings in Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Roper Technologies by 15,719.2% in the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock worth $114,719,000 after acquiring an additional 219,283 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP stock traded down $3.20 during trading on Friday, reaching $543.15. 177,961 shares of the company were exchanged, compared to its average volume of 557,393. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $58.40 billion, a P/E ratio of 37.87, a PEG ratio of 2.77 and a beta of 1.02. The stock's 50 day moving average price is $566.15 and its 200 day moving average price is $561.10. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.41 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders 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 0.61%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROP shares. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada raised their price target 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. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

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.