Handelsbanken Fonder AB reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,826 shares of the industrial products company's stock after selling 830 shares during the period. Handelsbanken Fonder AB's holdings in Roper Technologies were worth $21,712,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $26,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $31,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $39,000. Finally, OFI Invest Asset Management bought a new stake in Roper Technologies in the fourth quarter valued at approximately $38,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ROP. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average price target of $632.36.
Check Out Our Latest Stock Analysis on Roper Technologies
Roper Technologies Stock Performance
NYSE:ROP traded down $11.28 during mid-day trading on Friday, reaching $560.75. 436,797 shares of the company's stock were exchanged, compared to its average volume of 548,180. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $60.29 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The business's fifty day simple moving average is $564.63 and its two-hundred day simple moving average is $558.36. 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 released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping 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 company's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.41 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.
Roper Technologies Dividend Announcement
The company 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. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's payout ratio is 23.81%.
About Roper Technologies
(
Free Report)
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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