Alta Advisers Ltd Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Alta Advisers Ltd acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 539 shares of the industrial products company's stock, valued at approximately $318,000.

Several other large investors also recently bought and sold shares of ROP. Smith Salley Wealth Management raised its position in shares of Roper Technologies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 35,088 shares of the industrial products company's stock valued at $20,687,000 after buying an additional 222 shares during the last quarter. Red Door Wealth Management LLC grew its stake in Roper Technologies by 16.5% during the 1st quarter. Red Door Wealth Management LLC now owns 10,433 shares of the industrial products company's stock valued at $6,151,000 after acquiring an additional 1,477 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Amalgamated Bank lifted its stake in Roper Technologies by 1.1% in the 1st quarter. Amalgamated Bank now owns 20,759 shares of the industrial products company's stock worth $12,239,000 after purchasing an additional 227 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in shares of Roper Technologies by 113.7% during the 1st quarter. Verity Asset Management Inc. now owns 1,158 shares of the industrial products company's stock worth $683,000 after purchasing an additional 616 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on 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. William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Royal Bank Of Canada lifted their price target on 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 shares of Roper Technologies in a report on Friday, May 16th. Finally, Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Up 1.1%

Shares of ROP traded up $6.26 during trading on Thursday, reaching $572.34. 73,663 shares of the company traded hands, compared to its average volume of 547,724. The stock has a 50-day simple moving average of $567.80 and a 200-day simple moving average of $558.94. The stock has a market cap of $61.53 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month 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.

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 (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%. Roper Technologies's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.41 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business 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. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's payout ratio is currently 23.81%.

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.