Fire Capital Management LLC Buys New Position in Roper Technologies, Inc. (NYSE:ROP)

Fire Capital Management LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 817 shares of the industrial products company's stock, valued at approximately $425,000.

Other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the 4th quarter worth about $26,000. Putney Financial Group LLC purchased a new stake in Roper Technologies in the fourth quarter valued at about $31,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the 4th quarter valued at approximately $36,000. Parvin Asset Management LLC acquired a new position in Roper Technologies in the 4th quarter worth approximately $39,000. Finally, OFI Invest Asset Management purchased a new stake in Roper Technologies in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP stock traded up $5.02 during mid-day trading on Friday, hitting $569.29. 808,786 shares of the stock were exchanged, compared to its average volume of 549,599. The stock has a market capitalization of $61.21 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock's fifty day simple moving average is $564.81 and its two-hundred day simple moving average is $557.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the firm posted $4.41 EPS. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's payout ratio is 23.81%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROP. Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies has a consensus 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.