Raub Brock Capital Management LP Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Raub Brock Capital Management LP reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,318 shares of the industrial products company's stock after selling 1,522 shares during the period. Roper Technologies comprises 3.9% of Raub Brock Capital Management LP's investment portfolio, making the stock its 11th largest holding. Raub Brock Capital Management LP's holdings in Roper Technologies were worth $17,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Roper Technologies in the fourth quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. GAMMA Investing LLC lifted its stake in shares of Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after acquiring an additional 1,113,824 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Roper Technologies in the fourth quarter worth approximately $148,070,000. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ROP shares. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Royal Bank of Canada boosted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note 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 company's stock. According to data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Down 2.0%

Shares of NYSE ROP traded down $11.28 during midday trading on Friday, hitting $560.75. 436,797 shares of the stock traded hands, compared to its average volume of 548,180. The company has a market cap of $60.29 billion, a PE ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The business has a 50 day moving average price of $564.63 and a two-hundred day moving average price of $558.36. 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 released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 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%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.41 earnings per share. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business 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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's payout ratio is currently 23.81%.

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.