Envestnet Asset Management Inc. Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Envestnet Asset Management Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,038 shares of the industrial products company's stock after purchasing an additional 1,393 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of Roper Technologies worth $182,792,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth approximately $26,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter worth $27,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter worth $31,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $31,000. Finally, Wayfinding Financial LLC bought a new position in shares of Roper Technologies during the first quarter valued at about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROP. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Robert W. Baird increased their price target 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. Finally, Oppenheimer restated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Down 1.1%

Roper Technologies stock traded down $5.95 during trading hours on Wednesday, hitting $558.64. 861,761 shares of the stock traded hands, compared to its average volume of 553,510. The company has a market cap of $60.06 billion, a PE ratio of 38.96, a PEG ratio of 2.77 and a beta of 1.02. The firm's 50-day moving average price is $568.82 and its two-hundred day moving average price is $560.21. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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%. During the same quarter in the prior year, the business earned $4.41 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

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.