North Star Asset Management Inc. Raises Position in Roper Technologies, Inc. (NYSE:ROP)

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

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Roper Technologies by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock worth $368,382,000 after acquiring an additional 45,947 shares during the period. Merit Financial Group LLC purchased a new stake in Roper Technologies in the fourth quarter worth $371,000. Ameritas Advisory Services LLC lifted its position in shares of Roper Technologies by 18.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company's stock worth $371,000 after purchasing an additional 112 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Roper Technologies by 2.2% in the 4th quarter. Atomi Financial Group Inc. now owns 1,336 shares of the industrial products company's stock worth $695,000 after purchasing an additional 29 shares during the period. Finally, Simon Quick Advisors LLC lifted its position in shares of Roper Technologies by 49.9% in the 4th quarter. Simon Quick Advisors LLC now owns 607 shares of the industrial products company's stock worth $316,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.7%

Shares of ROP stock traded down $4.09 during mid-day trading on Thursday, hitting $565.04. The stock had a trading volume of 399,147 shares, compared to its average volume of 546,796. The firm's 50-day moving average is $565.26 and its two-hundred day moving average is $557.45. 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 firm has a market capitalization of $60.75 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.41 earnings per share. On average, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

Analyst Upgrades and Downgrades

Several analysts have commented on ROP shares. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. 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. William Blair initiated coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

About Roper Technologies

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.