Greenleaf Trust Acquires 494 Shares of Roper Technologies, Inc. (NYSE:ROP)

Greenleaf Trust lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 valued at $657,320,000 after purchasing an additional 1,113,824 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 54.5% during the fourth 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 period. Finally, Marshall Wace LLP increased its stake in shares of 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 purchasing an additional 219,283 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

ROP traded down $2.34 during trading hours on Friday, hitting $547.46. The company's stock had a trading volume of 742,977 shares, compared to its average volume of 557,079. The business's 50-day moving average price is $568.63 and its 200-day moving average price is $560.37. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $58.86 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 earnings per share. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Raymond James Financial restated 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 restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies 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.