Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 406.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,422 shares of the industrial products company's stock after acquiring an additional 1,141 shares during the quarter. Penserra Capital Management LLC's holdings in Roper Technologies were worth $838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Norges Bank purchased a new position in shares of Roper Technologies in the fourth quarter valued at approximately $914,052,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after acquiring an additional 1,529,716 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after acquiring an additional 1,113,824 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Roper Technologies by 15,719.2% in the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after acquiring an additional 219,283 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ROP shares. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Down 0.4%

NYSE:ROP traded down $2.34 on Friday, reaching $547.46. The company's stock had a trading volume of 742,977 shares, compared to its average volume of 557,561. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap 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. The stock has a 50 day moving average price of $568.26 and a 200 day moving average price of $560.51.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. 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 payout ratio is 23.81%.

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.