RDA Financial Network Acquires 486 Shares of Roper Technologies, Inc. (NYSE:ROP)

RDA Financial Network lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,919 shares of the industrial products company's stock after acquiring an additional 486 shares during the period. RDA Financial Network's holdings in Roper Technologies were worth $1,721,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC increased its holdings in Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC increased its holdings in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after purchasing an additional 18 shares in the last quarter. Principal Securities Inc. increased its holdings in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after purchasing an additional 20 shares in the last quarter. Exchange Capital Management Inc. grew its holdings in shares of Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock worth $1,426,000 after buying an additional 20 shares in the last quarter. Finally, 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 buying an additional 20 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

NYSE:ROP opened at $572.87 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 firm has a fifty day simple moving average of $562.95 and a 200 day simple moving average of $557.97. The stock has a market capitalization of $61.59 billion, a PE ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the firm posted $4.41 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROP shares. Royal Bank of Canada increased 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. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies 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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