Parr Mcknight Wealth Management Group LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,404 shares of the industrial products company's stock, valued at approximately $1,250,000.
A number of other large investors also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $38,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 worth $40,000 after buying an additional 75 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have commented on ROP shares. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank of Canada increased their target price 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. Stifel Nicolaus cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.
View Our Latest Analysis on ROP
Roper Technologies Stock Up 1.2%
Shares of ROP stock traded up $6.79 during trading hours on Tuesday, hitting $573.82. 433,655 shares of the company were exchanged, compared to its average volume of 547,977. The business has a 50 day moving average of $565.35 and a two-hundred day moving average of $557.26. 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 52 week low of $499.47 and a 52 week high of $595.17. The company has a market capitalization of $61.69 billion, a PE ratio of 40.02, a PEG ratio of 2.77 and a beta of 1.08.
Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data 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%. During the same quarter in the prior year, the business earned $4.41 earnings per share. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.
About Roper Technologies
(
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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