Asset Management One Co. Ltd. Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Asset Management One Co. Ltd. increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,516 shares of the industrial products company's stock after purchasing an additional 1,418 shares during the period. Asset Management One Co. Ltd.'s holdings in Roper Technologies were worth $29,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its position in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after purchasing an additional 61 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Roper Technologies by 2.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock worth $20,537,000 after purchasing an additional 917 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Roper Technologies during the 4th quarter worth $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in Roper Technologies during the 1st quarter worth $2,395,000. Finally, Assenagon Asset Management S.A. grew its position in Roper Technologies by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company's stock worth $1,808,000 after purchasing an additional 30 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROP. William Blair began coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada increased 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. Stifel Nicolaus decreased their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One research 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 company's stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Price Performance

Roper Technologies stock opened at $571.02 on Wednesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 business has a fifty day moving average of $566.02 and a two-hundred day moving average of $558.23. The company has a market cap of $61.39 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the company earned $4.41 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. 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 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend 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.

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