Bessemer Group Inc. decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,121 shares of the industrial products company's stock after selling 2,967 shares during the period. Bessemer Group Inc.'s holdings in Roper Technologies were worth $1,840,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $31,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies during the fourth quarter valued at approximately $38,000. Finally, Parvin Asset Management LLC bought a new position in Roper Technologies in the fourth quarter worth approximately $39,000. Institutional investors own 93.31% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on ROP. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. William Blair began coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $632.36.
Read Our Latest Research Report on ROP
Roper Technologies Stock Performance
Shares of NYSE ROP opened at $563.51 on Friday. The firm has a fifty day moving average price of $566.52 and a 200-day moving average price of $558.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market cap of $60.59 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. 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 announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.41 earnings per share. Equities analysts anticipate 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 paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is 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.
See Also
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