OVERSEA CHINESE BANKING Corp Ltd Takes $31.28 Million Position in Roper Technologies, Inc. (NYSE:ROP)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 53,062 shares of the industrial products company's stock, valued at approximately $31,284,000.

Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in shares of Roper Technologies by 8.6% during the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares in the last quarter. Tandem Investment Advisors Inc. raised its holdings in shares of Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after acquiring an additional 32,694 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after acquiring an additional 819 shares in the last quarter. Legacy Advisors LLC purchased a new stake in shares of Roper Technologies during the first quarter worth $264,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of Roper Technologies by 52.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 2,652 shares of the industrial products company's stock worth $1,564,000 after acquiring an additional 907 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 report on Tuesday, April 29th. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 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 issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Trading Down 0.4%

Shares of ROP opened at $547.46 on Monday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $568.26 and a 200-day simple moving average of $560.96. The stock has a market cap of $58.86 billion, a PE ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

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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