447 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Legacy Advisors LLC

Legacy Advisors LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 447 shares of the industrial products company's stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth approximately $203,000. Wealthspire Advisors LLC raised its holdings in Roper Technologies by 7.3% during the fourth quarter. Wealthspire Advisors LLC now owns 1,087 shares of the industrial products company's stock worth $565,000 after purchasing an additional 74 shares in the last quarter. IFP Advisors Inc lifted its position in Roper Technologies by 7.9% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the industrial products company's stock worth $2,040,000 after purchasing an additional 288 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in Roper Technologies by 11.1% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 5,010 shares of the industrial products company's stock valued at $2,604,000 after purchasing an additional 500 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC increased its position in shares of Roper Technologies by 4.1% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 3,333 shares of the industrial products company's stock valued at $1,733,000 after purchasing an additional 130 shares during the period. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Royal Bank Of Canada raised their target price on 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 raised their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Finally, Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One research 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Down 0.3%

Shares of ROP stock traded down $1.63 during trading on Thursday, hitting $565.31. 509,173 shares of the company were exchanged, compared to its average volume of 546,718. The business's 50-day simple moving average is $566.23 and its 200 day simple moving average is $558.29. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $60.78 billion, a price-to-earnings ratio of 39.42, 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.

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 (EPS) for the quarter, beating 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%. During the same quarter last year, the company posted $4.41 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is 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.