North Star Asset Management Inc. Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

North Star Asset Management Inc. lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,152 shares of the industrial products company's stock after buying an additional 1,459 shares during the period. North Star Asset Management Inc.'s holdings in Roper Technologies were worth $14,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in 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 worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank acquired a new position in shares of Roper Technologies in the 4th quarter valued at $914,052,000. Finally, Invesco Ltd. boosted its position in shares of Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of several recent research reports. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. 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 research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Truist Financial reissued a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Up 1.2%

NYSE ROP traded up $6.79 during mid-day trading on Tuesday, reaching $573.82. 433,655 shares of the stock were exchanged, compared to its average volume of 547,977. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market cap of $61.69 billion, a P/E ratio of 40.02, a P/E/G ratio of 2.77 and a beta of 1.08. The stock has a 50 day simple moving average of $565.35 and a 200-day simple moving average of $557.26. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping 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%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 earnings per share. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is presently 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.