Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,882 shares of the industrial products company's stock after purchasing an additional 2,151 shares during the period. IFM Investors Pty Ltd's holdings in Roper Technologies were worth $11,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in Roper Technologies during the first quarter valued at about $34,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $31,000. Finally, CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of a number of research reports. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Down 1.2%

Shares of NYSE:ROP traded down $7.00 during trading on Monday, hitting $566.00. The company's stock had a trading volume of 651,874 shares, compared to its average volume of 550,741. 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, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock's 50-day moving average price is $568.65 and its two-hundred day moving average price is $560.18. The company has a market capitalization of $60.85 billion, a PE ratio of 39.47, a PEG ratio of 2.77 and a beta of 1.02.

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 the consensus estimate 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 in the previous year, the business earned $4.41 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

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.