China Universal Asset Management Co. Ltd. Raises Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

China Universal Asset Management Co. Ltd. increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 52.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,652 shares of the industrial products company's stock after buying an additional 907 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Roper Technologies were worth $1,564,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. EULAV Asset Management increased its holdings in Roper Technologies by 30.1% in the 1st quarter. EULAV Asset Management now owns 91,169 shares of the industrial products company's stock worth $53,751,000 after buying an additional 21,100 shares in the last quarter. Fullcircle Wealth LLC grew its stake in shares of Roper Technologies by 18.4% during the 1st quarter. Fullcircle Wealth LLC now owns 437 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 68 shares during the period. Callan Capital LLC grew its stake in shares of Roper Technologies by 23.2% during the 1st quarter. Callan Capital LLC now owns 505 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 95 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Roper Technologies by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 310,038 shares of the industrial products company's stock valued at $182,792,000 after purchasing an additional 1,393 shares during the period. Finally, Drake & Associates LLC grew its stake in shares of Roper Technologies by 11.2% during the 1st quarter. Drake & Associates LLC now owns 823 shares of the industrial products company's stock valued at $485,000 after purchasing an additional 83 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of ROP traded down $1.41 during mid-day trading on Tuesday, hitting $564.59. 699,366 shares of the stock were exchanged, compared to its average volume of 551,333. The company has a market cap of $60.70 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. 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 firm has a 50-day moving average of $568.65 and a two-hundred day moving average of $560.18. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly 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%. During the same quarter in the prior year, the business posted $4.41 EPS. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed 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. 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 (DPR) is currently 23.81%.

Analysts Set New Price Targets

ROP has been the subject of a number of recent research reports. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned 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, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies 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.