PYA Waltman Capital LLC Buys New Holdings in Roper Technologies, Inc. (NYSE:ROP)

PYA Waltman Capital LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,843 shares of the industrial products company's stock, valued at approximately $7,572,000. Roper Technologies accounts for approximately 2.4% of PYA Waltman Capital LLC's investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the 4th quarter valued at $26,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies in the 1st quarter worth $27,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth $31,000. Olde Wealth Management LLC acquired a new stake in shares of Roper Technologies in the 1st quarter worth $31,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Roper Technologies in the 1st quarter worth $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised 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. Robert W. Baird raised their price objective on 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 initiated coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank Of Canada lifted their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Down 0.4%

ROP opened at $547.46 on Friday. 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. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The business's 50 day moving average is $568.26 and its two-hundred day moving average is $560.51. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 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 business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $4.41 EPS. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

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.

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