Ascent Wealth Partners LLC Has $9.01 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Ascent Wealth Partners LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,601 shares of the industrial products company's stock after acquiring an additional 1,547 shares during the period. Roper Technologies accounts for approximately 1.2% of Ascent Wealth Partners LLC's holdings, making the stock its 25th largest position. Ascent Wealth Partners LLC's holdings in Roper Technologies were worth $9,007,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at about $26,000. MorganRosel Wealth Management LLC bought a new position in shares of Roper Technologies in the 1st quarter valued at about $27,000. Putney Financial Group LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $31,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $31,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP stock traded down $1.56 during mid-day trading on Friday, hitting $544.79. 642,179 shares of the company were exchanged, compared to its average volume of 559,137. The business has a 50 day simple moving average of $566.15 and a 200-day simple moving average of $561.10. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $58.57 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies's payout ratio is 23.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on ROP. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given 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.