Massachusetts Financial Services Co. MA Has $48.77 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Massachusetts Financial Services Co. MA grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 235.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,714 shares of the industrial products company's stock after acquiring an additional 58,043 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.08% of Roper Technologies worth $48,767,000 as of its most recent SEC filing.

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

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $546.35 on Friday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $566.15 and a two-hundred day simple moving average of $561.10. The stock has a market capitalization of $58.74 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

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 (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%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.41 EPS. Analysts forecast 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. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's payout ratio is 23.81%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research reports. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus dropped their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

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.

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