Alps Advisors Inc. bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 620 shares of the industrial products company's stock, valued at approximately $366,000.
Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies during the 1st quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth $26,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on ROP shares. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.
Read Our Latest Research Report on ROP
Roper Technologies Price Performance
Shares of ROP stock traded down $0.56 during midday trading on Thursday, reaching $544.68. 194,651 shares of the company were exchanged, compared to its average volume of 558,209. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market cap of $58.56 billion, a P/E ratio of 37.97, a PEG ratio of 2.77 and a beta of 1.02. The company's 50 day moving average price is $566.72 and its two-hundred day moving average price is $560.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.
Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly 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%. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 EPS. On average, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.
Roper Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.61%. Roper Technologies's dividend payout ratio is currently 23.81%.
About Roper Technologies
(
Free Report)
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.
Recommended Stories
Before you consider Roper Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.
While Roper Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
