Osprey Private Wealth LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Osprey Private Wealth LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,005 shares of the industrial products company's stock after purchasing an additional 840 shares during the period. Roper Technologies makes up 1.7% of Osprey Private Wealth LLC's investment portfolio, making the stock its 27th biggest holding. Osprey Private Wealth LLC's holdings in Roper Technologies were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $26,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $36,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $39,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

NYSE:ROP traded down $11.28 during trading hours on Friday, hitting $560.75. The stock had a trading volume of 436,797 shares, compared to its average volume of 548,179. The company has a 50 day simple moving average of $563.80 and a two-hundred day simple moving average of $558.37. 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, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $60.29 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS 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%. During the same period in the prior year, the business posted $4.41 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Robert W. Baird raised their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average price target of $632.36.

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.