IFM Investors Pty Ltd Buys 2,151 Shares of Roper Technologies, Inc. (NYSE:ROP)

IFM Investors Pty Ltd increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,882 shares of the industrial products company's stock after buying 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 filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC boosted its holdings in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after buying an additional 61 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after buying an additional 819 shares during the period. Tandem Investment Advisors Inc. boosted its holdings in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after buying an additional 32,694 shares during the period. Legacy Advisors LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $264,000. Finally, MBE Wealth Management LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $362,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $6.77 during midday trading on Friday, reaching $572.85. 243,956 shares of the company's stock were exchanged, compared to its average volume of 550,335. The company's 50 day simple moving average is $568.37 and its two-hundred day simple moving average is $559.63. The firm has a market capitalization of $61.59 billion, a PE ratio of 39.95, a price-to-earnings-growth 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. 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 announced its 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 net margin of 22.01% and a return on equity of 10.79%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.41 earnings per share. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's payout ratio is presently 23.81%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROP. Oppenheimer reissued an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, 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 research note on Tuesday, April 29th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $632.36.

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.