Cooper Investors PTY Ltd. Purchases 4,038 Shares of Roper Technologies, Inc. (NYSE:ROP)

Cooper Investors PTY Ltd. lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 28.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,340 shares of the industrial products company's stock after purchasing an additional 4,038 shares during the period. Roper Technologies accounts for approximately 1.8% of Cooper Investors PTY Ltd.'s holdings, making the stock its 25th largest holding. Cooper Investors PTY Ltd.'s holdings in Roper Technologies were worth $10,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC bought a new position in Roper Technologies in the fourth quarter valued at about $31,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies during the fourth quarter worth about $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the fourth quarter worth about $38,000. Finally, Parvin Asset Management LLC acquired a new stake in Roper Technologies during the fourth quarter worth approximately $39,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 0.7%

Shares of Roper Technologies stock opened at $566.18 on Tuesday. The firm has a market capitalization of $60.87 billion, a PE ratio of 39.48, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm's 50-day moving average price is $565.94 and its 200 day moving average price is $558.14. 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 issued 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 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 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ROP shares. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada upped their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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