Burling Wealth Partners LLC Has $5.47 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Burling Wealth Partners LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,281 shares of the industrial products company's stock after purchasing an additional 815 shares during the quarter. Roper Technologies accounts for about 1.2% of Burling Wealth Partners LLC's investment portfolio, making the stock its 23rd largest holding. Burling Wealth Partners LLC's holdings in Roper Technologies were worth $5,472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Forte Capital LLC ADV increased its position in Roper Technologies by 3.6% in the first quarter. Forte Capital LLC ADV now owns 631 shares of the industrial products company's stock worth $372,000 after buying an additional 22 shares during the period. Forum Financial Management LP increased its position in Roper Technologies by 12.3% in the first quarter. Forum Financial Management LP now owns 951 shares of the industrial products company's stock worth $561,000 after buying an additional 104 shares during the period. Graypoint LLC increased its position in Roper Technologies by 1.3% in the first quarter. Graypoint LLC now owns 3,484 shares of the industrial products company's stock worth $2,054,000 after buying an additional 45 shares during the period. Ascent Wealth Partners LLC increased its position in Roper Technologies by 11.0% in the first quarter. Ascent Wealth Partners LLC now owns 15,601 shares of the industrial products company's stock worth $9,007,000 after buying an additional 1,547 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its position in Roper Technologies by 4.5% in the first quarter. Legacy Capital Wealth Partners LLC now owns 784 shares of the industrial products company's stock worth $462,000 after buying an additional 34 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

NYSE:ROP traded up $1.12 during mid-day trading on Thursday, reaching $546.35. 460,985 shares of the stock were exchanged, compared to its average volume of 558,805. The business has a fifty day moving average price of $566.72 and a 200 day moving average price of $560.91. The firm has a market capitalization of $58.74 billion, a PE ratio of 38.10, a PEG 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. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results 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 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 company earned $4.41 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ROP shares. JPMorgan Chase & Co. increased their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Oppenheimer reissued an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Finally, William Blair started coverage on Roper Technologies in a report 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 issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.