Jackson Creek Investment Advisors LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Jackson Creek Investment Advisors LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 478 shares of the industrial products company's stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after buying an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. Geode Capital Management LLC boosted its stake in shares of Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after purchasing an additional 29,184 shares in the last quarter. Norges Bank bought a new stake in shares of Roper Technologies in the 4th quarter worth about $914,052,000. Finally, Invesco Ltd. increased its position in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ROP shares. JPMorgan Chase & Co. raised their price objective 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. Royal Bank Of Canada lifted their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Robert W. Baird upped their price target on shares of 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 given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of ROP stock opened at $544.79 on Friday. The firm's 50 day moving average price is $565.64 and its two-hundred day moving average price is $561.27. 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 52-week low of $499.47 and a 52-week high of $595.17. The stock has a market cap of $58.57 billion, a PE ratio of 37.99, a PEG ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 last year, the company posted $4.41 EPS. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend 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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.