Cerity Partners LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Cerity Partners LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 41.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,627 shares of the industrial products company's stock after acquiring an additional 24,001 shares during the quarter. Cerity Partners LLC owned 0.08% of Roper Technologies worth $48,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $26,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $27,000. Putney Financial Group LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Roper Technologies from $694.00 to $695.00 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 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $547.46 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $58.86 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The stock's 50-day simple moving average is $568.26 and its 200-day simple moving average is $560.51.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.41 EPS. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS 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. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is 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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