Ramsay Stattman Vela & Price Inc. Purchases New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ramsay Stattman Vela & Price Inc. purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,833 shares of the industrial products company's stock, valued at approximately $2,849,000.

A number of other hedge funds also recently bought and sold shares of the company. Oxford Financial Group LTD. LLC boosted its holdings in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC grew its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after purchasing an additional 19 shares during the last quarter. My Legacy Advisors LLC raised its stake in shares of Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC raised its stake in shares of Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROP. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Performance

Roper Technologies stock traded down $2.34 during trading hours on Friday, hitting $547.46. The company had a trading volume of 742,977 shares, compared to its average volume of 557,561. The firm has a market cap of $58.86 billion, a PE ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a 50-day moving average of $568.63 and a 200 day moving average of $560.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.41 earnings per share. On average, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is 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.