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

IFM Investors Pty Ltd lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,882 shares of the industrial products company's stock after buying an additional 2,151 shares during the quarter. IFM Investors Pty Ltd's holdings in Roper Technologies were worth $11,620,000 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. CWA Asset Management Group LLC grew its position in shares of Roper Technologies by 8.6% during the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after buying an additional 61 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in shares of Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after buying an additional 32,694 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after buying an additional 819 shares in the last quarter. Legacy Advisors LLC acquired a new position in shares of Roper Technologies during the first quarter worth about $264,000. Finally, MBE Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter worth approximately $362,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada boosted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Trading Down 0.8%

NYSE ROP traded down $4.36 during trading hours on Monday, hitting $568.64. 297,368 shares of the company's stock were exchanged, compared to its average volume of 549,389. The business's 50 day moving average is $568.37 and its 200-day moving average is $559.90. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market capitalization of $61.14 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. 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 earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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 quarter in the prior year, the firm earned $4.41 EPS. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS 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 dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's payout ratio is currently 23.81%.

Roper Technologies Company 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.