MBE Wealth Management LLC Takes $362,000 Position in Roper Technologies, Inc. (NYSE:ROP)

MBE Wealth Management LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 614 shares of the industrial products company's stock, valued at approximately $362,000.

Several other hedge funds also recently made changes to their positions in ROP. LVZ Inc. increased its stake in Roper Technologies by 9.4% in the first quarter. LVZ Inc. now owns 869 shares of the industrial products company's stock valued at $512,000 after purchasing an additional 75 shares during the period. Cross Staff Investments Inc acquired a new stake in Roper Technologies during the 1st quarter worth approximately $207,000. Running Oak Capital LLC grew its stake in shares of Roper Technologies by 7.6% in the 1st quarter. Running Oak Capital LLC now owns 26,760 shares of the industrial products company's stock valued at $15,777,000 after purchasing an additional 1,900 shares during the last quarter. Suncoast Equity Management increased its holdings in shares of Roper Technologies by 17.0% in the first quarter. Suncoast Equity Management now owns 1,802 shares of the industrial products company's stock valued at $1,062,000 after purchasing an additional 262 shares during the period. Finally, Praxis Investment Management Inc. raised its stake in shares of Roper Technologies by 6.1% during the first quarter. Praxis Investment Management Inc. now owns 4,670 shares of the industrial products company's stock worth $2,753,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. 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. Finally, Royal Bank Of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

ROP traded up $4.19 during trading on Monday, reaching $566.18. 374,677 shares of the stock were exchanged, compared to its average volume of 546,727. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 2.77 and a beta of 1.03. The business's 50 day moving average price is $565.93 and its two-hundred day moving average price is $558.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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%. Roper Technologies's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 earnings per share. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors 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 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's 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.