EULAV Asset Management Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

EULAV Asset Management lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,169 shares of the industrial products company's stock after purchasing an additional 21,100 shares during the quarter. Roper Technologies comprises 1.3% of EULAV Asset Management's portfolio, making the stock its 24th biggest holding. EULAV Asset Management owned about 0.08% of Roper Technologies worth $53,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oxford Financial Group LTD. LLC boosted its holdings in shares of Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC boosted its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after purchasing an additional 19 shares during the period. My Legacy Advisors LLC boosted its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after purchasing an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Roper Technologies by 2.7% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC boosted its holdings in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 1.2%

Shares of NYSE ROP opened at $572.85 on Monday. The firm has a market cap of $61.59 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The business has a fifty day simple moving average of $568.37 and a two-hundred day simple moving average of $559.90.

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 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 period last year, the business posted $4.41 earnings per share. Analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Analysts Set New Price Targets

A number of research firms have weighed in on ROP. JPMorgan Chase & Co. increased their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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