GTS Securities LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

GTS Securities LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 129.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,347 shares of the industrial products company's stock after buying an additional 760 shares during the quarter. GTS Securities LLC's holdings in Roper Technologies were worth $700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the fourth quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the fourth quarter worth about $36,000. Parvin Asset Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the fourth quarter worth about $38,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research analyst reports. Truist Financial restated a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. Stifel Nicolaus reduced their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

ROP traded up $0.72 during trading on Friday, hitting $564.99. The company's stock had a trading volume of 172,508 shares, compared to its average volume of 546,819. The company has a current ratio of 0.40, a quick ratio of 0.37 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's fifty day simple moving average is $565.01 and its 200 day simple moving average is $557.45. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results 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%. Roper Technologies's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $4.41 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 yield of 0.58%. Roper Technologies's payout ratio is 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.