Red Door Wealth Management LLC Purchases 1,477 Shares of Roper Technologies, Inc. (NYSE:ROP)

Red Door Wealth Management LLC raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,433 shares of the industrial products company's stock after purchasing an additional 1,477 shares during the period. Red Door Wealth Management LLC's holdings in Roper Technologies were worth $6,151,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC raised its holdings in shares of Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Roper Technologies during the 1st quarter worth about $264,000. MBE Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $362,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Roper Technologies by 2.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock worth $20,537,000 after purchasing an additional 917 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $761,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 1.1%

Shares of ROP stock traded up $6.18 during trading on Tuesday, hitting $573.02. 126,785 shares of the company were exchanged, compared to its average volume of 547,316. The firm has a market capitalization of $61.61 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business's 50-day simple moving average is $567.07 and its 200 day simple moving average is $558.80. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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%. During the same quarter last year, the business earned $4.41 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROP shares. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. William Blair initiated coverage on Roper Technologies in a research note 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. Stifel Nicolaus lowered their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

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.