PFG Advisors Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

PFG Advisors lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,917 shares of the industrial products company's stock after acquiring an additional 1,601 shares during the period. PFG Advisors' holdings in Roper Technologies were worth $4,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROP. Brighton Jones LLC acquired a new position in Roper Technologies in the fourth quarter worth $203,000. Proficio Capital Partners LLC grew its holdings in Roper Technologies by 14.2% during the fourth quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock worth $280,000 after acquiring an additional 67 shares during the period. Teacher Retirement System of Texas grew its holdings in Roper Technologies by 52.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,858 shares of the industrial products company's stock worth $5,125,000 after acquiring an additional 3,393 shares during the period. Sei Investments Co. lifted its stake in Roper Technologies by 9.1% during the fourth quarter. Sei Investments Co. now owns 49,676 shares of the industrial products company's stock valued at $25,826,000 after buying an additional 4,123 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Roper Technologies during the fourth quarter valued at about $18,673,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP opened at $553.64 on Tuesday. The company has a market cap of $59.53 billion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 2.77 and a beta of 1.02. 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 12 month low of $499.47 and a 12 month high of $595.17. The business's fifty day simple moving average is $565.64 and its two-hundred day simple moving average is $561.89.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $4.48 EPS. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROP. Stifel Nicolaus reduced their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies 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.

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