Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 69.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,084 shares of the industrial products company's stock after purchasing an additional 1,680 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Roper Technologies were worth $2,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oxford Financial Group LTD. LLC grew its holdings in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 18 shares in the last quarter. Meridian Financial Partners LLC grew its holdings in Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares in the last quarter. My Legacy Advisors LLC grew its holdings in Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after acquiring an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after acquiring an additional 20 shares in the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROP. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Stock Down 0.4%

Shares of NYSE:ROP traded down $2.34 during trading on Friday, hitting $547.46. 742,977 shares of the company were exchanged, compared to its average volume of 557,561. The firm's 50 day moving average price is $568.26 and its 200-day moving average price is $560.51. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02. 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 released 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. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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 $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 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.