Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by Greenleaf Trust

Greenleaf Trust grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,143 shares of the industrial products company's stock after purchasing an additional 494 shares during the period. Greenleaf Trust's holdings in Roper Technologies were worth $21,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter valued at about $914,052,000. T. Rowe Price Investment Management Inc. grew its position in shares of 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 purchasing an additional 1,529,716 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after purchasing an additional 1,113,824 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Roper Technologies by 15,719.2% during the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock worth $114,719,000 after buying an additional 219,283 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus decreased their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Down 1.1%

ROP stock traded down $5.95 during trading on Wednesday, reaching $558.64. 861,761 shares of the stock traded hands, compared to its average volume of 553,511. The firm has a market capitalization of $60.06 billion, a PE ratio of 38.96, a P/E/G ratio of 2.77 and a beta of 1.02. 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 business's 50 day moving average price is $568.82 and its 200-day moving average price is $560.21. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS 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%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.41 EPS. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is presently 23.81%.

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.