Phraction Management LLC Acquires New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Phraction Management LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 895 shares of the industrial products company's stock, valued at approximately $528,000.

Other large investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its position in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares in the last quarter. Legacy Advisors LLC purchased a new stake in Roper Technologies during the 1st quarter valued at about $264,000. MBE Wealth Management LLC acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $362,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Roper Technologies by 2.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock valued at $20,537,000 after buying an additional 917 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Roper Technologies in the fourth quarter worth about $761,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 1.2%

Shares of NYSE:ROP traded down $6.63 during trading on Wednesday, reaching $566.08. 460,629 shares of the stock were exchanged, compared to its average volume of 549,413. The firm's 50-day moving average price is $567.50 and its 200 day moving average price is $558.89. The firm has a market cap of $60.86 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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, topping 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%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.41 EPS. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Analyst Ratings Changes

Several brokerages recently commented on ROP. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Robert W. Baird raised their price objective 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. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

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.