Cornerstone Wealth Group LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 444 shares of the industrial products company's stock, valued at approximately $262,000.
Other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $26,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at $31,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the 4th quarter valued at $36,000. Parvin Asset Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth $39,000. Finally, OFI Invest Asset Management acquired a new position in Roper Technologies in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Robert W. Baird increased their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Stifel Nicolaus dropped their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. lifted their price target on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned 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 presently has a consensus rating of "Moderate Buy" and an average price target of $632.36.
Get Our Latest Stock Report on Roper Technologies
Roper Technologies Price Performance
Shares of ROP opened at $571.02 on Wednesday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a fifty day moving average price of $566.02 and a 200 day moving average price of $558.23. The company has a market cap of $61.39 billion, a P/E ratio of 39.82, a PEG ratio of 2.77 and a beta of 1.03.
Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.41 earnings per share. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.
Roper Technologies Dividend Announcement
The firm also recently announced 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. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.
Roper Technologies Company Profile
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Free Report)
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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