Parr Mcknight Wealth Management Group LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Parr Mcknight Wealth Management Group LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,404 shares of the industrial products company's stock, valued at approximately $1,250,000.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies in the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter valued at approximately $36,000. Parvin Asset Management LLC acquired a new position in Roper Technologies during the fourth quarter valued at approximately $39,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, three 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.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

NYSE ROP traded down $4.69 on Wednesday, hitting $569.13. 360,900 shares of the company were exchanged, compared to its average volume of 547,232. The firm has a 50 day moving average of $565.32 and a two-hundred day moving average of $557.37. The company has a market cap of $61.19 billion, a P/E ratio of 39.69, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

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

Roper Technologies Announces Dividend

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