Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,858 shares of the industrial products company's stock after buying an additional 547 shares during the period. Johnson Investment Counsel Inc. owned 0.14% of Roper Technologies worth $91,301,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $38,000. Finally, Parvin Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $39,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ROP. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada boosted their price target 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. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. One 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, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 1.2%

Shares of ROP traded down $6.83 during midday trading on Thursday, hitting $555.75. The company had a trading volume of 447,119 shares, compared to its average volume of 547,039. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market capitalization of $59.75 billion, a P/E ratio of 38.76, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company's 50-day simple moving average is $565.78 and its 200-day simple moving average is $558.28.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the previous year, the business earned $4.41 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. 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. Shareholders of record on Tuesday, July 8th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is presently 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.