Rockland Trust Co. Has $21.54 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Rockland Trust Co. raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,535 shares of the industrial products company's stock after acquiring an additional 541 shares during the period. Rockland Trust Co.'s holdings in Roper Technologies were worth $21,540,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after buying an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. Geode Capital Management LLC grew its position in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $914,052,000. Finally, Invesco Ltd. lifted its position in Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

NYSE ROP traded down $11.28 on Friday, reaching $560.75. The company's stock had a trading volume of 436,797 shares, compared to its average volume of 548,179. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. 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 firm's 50 day moving average is $563.80 and its two-hundred day moving average is $558.37. The stock has a market cap of $60.29 billion, a PE ratio of 39.10, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results 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 net margin of 22.01% and a return on equity of 10.79%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.41 earnings per share. As a group, sell-side 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is 23.81%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus cut their target price 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 increased their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Raymond James reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

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.