745 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Challenger Wealth Management

Challenger Wealth Management acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 745 shares of the industrial products company's stock, valued at approximately $388,000.

A number of other institutional investors have also made changes to their positions in ROP. Norges Bank bought a new position in Roper Technologies in the fourth quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. JPMorgan Chase & Co. grew its position in Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after purchasing an additional 360,632 shares in the last quarter. Raymond James Financial Inc. bought a new position in Roper Technologies in the fourth quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC grew its position in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after purchasing an additional 279,795 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird lifted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $4.86 during midday trading on Thursday, hitting $564.27. The stock had a trading volume of 781,970 shares, compared to its average volume of 548,283. The company's 50-day moving average price is $565.26 and its 200-day moving average price is $557.45. The company has a market capitalization of $60.67 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released 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 business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.41 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio 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.