Parr Mcknight Wealth Management Group LLC Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Parr Mcknight Wealth Management Group LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 69.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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.

Several other institutional investors and hedge funds also recently modified their holdings of ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $203,000. Proficio Capital Partners LLC lifted its holdings in shares of Roper Technologies by 14.2% in the fourth quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock valued at $280,000 after purchasing an additional 67 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Roper Technologies by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after purchasing an additional 8,415 shares in the last quarter. Dearborn Partners LLC lifted its holdings in shares of Roper Technologies by 5.7% in the fourth quarter. Dearborn Partners LLC now owns 1,197 shares of the industrial products company's stock valued at $622,000 after purchasing an additional 65 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Roper Technologies by 1.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 1,674 shares of the industrial products company's stock valued at $870,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 0.4%

ROP stock traded down $2.34 on Friday, hitting $547.46. 742,977 shares of the company were exchanged, compared to its average volume of 558,191. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. 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 business's fifty day moving average is $568.26 and its two-hundred day moving average is $560.96. The stock has a market capitalization of $58.86 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly 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%. During the same quarter last year, the business earned $4.41 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio is currently 23.81%.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. William Blair initiated coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.