Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by EULAV Asset Management

EULAV Asset Management raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,169 shares of the industrial products company's stock after purchasing an additional 21,100 shares during the quarter. Roper Technologies accounts for approximately 1.3% of EULAV Asset Management's investment portfolio, making the stock its 24th largest holding. EULAV Asset Management owned approximately 0.08% of Roper Technologies worth $53,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. boosted 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 buying an additional 1,529,716 shares during the last quarter. Geode Capital Management LLC boosted its position in Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares during the last quarter. Norges Bank purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $914,052,000. Finally, Invesco Ltd. boosted its position in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after buying an additional 31,531 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of ROP stock traded down $7.00 during trading hours on Monday, hitting $566.00. 651,874 shares of the company's stock were exchanged, compared to its average volume of 550,741. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $60.85 billion, a P/E ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.02. The firm has a 50 day moving average of $568.37 and a two-hundred day moving average of $559.90. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

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, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.41 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROP shares. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $632.36.

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.