7,348 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC purchased a new position 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 SEC. The firm purchased 7,348 shares of the industrial products company's stock, valued at approximately $4,332,000.

A number of other institutional investors have also recently bought and sold shares of ROP. Norges Bank purchased a new position in Roper Technologies in the 4th quarter worth about $914,052,000. T. Rowe Price Investment Management Inc. increased its stake in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. GAMMA Investing LLC grew its stake in Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after acquiring an additional 1,113,824 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Roper Technologies during the 4th quarter valued at about $148,070,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.9%

Shares of Roper Technologies stock opened at $571.02 on Wednesday. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 39.82, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a 50-day simple moving average of $566.02 and a 200-day simple moving average of $558.23.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 earnings per share. On average, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ROP shares. Robert W. Baird lifted their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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