Pictet Asset Management Holding SA Buys 205,019 Shares of Roper Technologies, Inc. (NYSE:ROP)

Pictet Asset Management Holding SA raised its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,083,549 shares of the industrial products company's stock after purchasing an additional 205,019 shares during the period. Roper Technologies makes up approximately 0.7% of Pictet Asset Management Holding SA's holdings, making the stock its 25th largest holding. Pictet Asset Management Holding SA owned approximately 1.01% of Roper Technologies worth $638,648,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth about $26,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter worth about $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth about $31,000. Olde Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter worth about $31,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Roper Technologies in the first quarter worth about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.3%

Roper Technologies stock traded down $1.56 during trading hours on Friday, hitting $544.79. 642,179 shares of the stock traded hands, compared to its average volume of 559,966. The firm's 50-day moving average price is $565.64 and its two-hundred day moving average price is $561.27. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $58.57 billion, a PE ratio of 37.99, a PEG ratio of 2.77 and a beta of 1.02. 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 posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.41 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.61%. Roper Technologies's payout ratio is 23.81%.

Analysts Set New Price Targets

ROP has been the topic of several analyst reports. Royal Bank Of Canada lifted their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. 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 report on Tuesday, April 29th. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Company 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.