Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,404 shares of the industrial products company's stock, valued at approximately $1,250,000.
Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the 4th quarter valued at $36,000. Parvin Asset Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $39,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Roper Technologies by 7,500.0% during the 4th 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 period. Finally, OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.
Roper Technologies Price Performance
NYSE ROP traded down $3.82 during trading on Thursday, reaching $565.31. The company's stock had a trading volume of 399,147 shares, compared to its average volume of 546,790. The stock has a market capitalization of $60.78 billion, a PE ratio of 39.44, a P/E/G ratio of 2.77 and a beta of 1.08. 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 firm has a fifty day moving average of $565.26 and a 200 day moving average of $557.45. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.
Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.41 EPS. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Robert W. Baird boosted their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $632.36.
Check Out Our Latest Stock Report on Roper Technologies
Roper Technologies Profile
(
Free Report)
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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