Schwartz Investment Counsel Inc. Purchases 14,000 Shares of Roper Technologies, Inc. (NYSE:ROP)

Schwartz Investment Counsel Inc. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,700 shares of the industrial products company's stock after buying an additional 14,000 shares during the quarter. Roper Technologies makes up approximately 3.1% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its 4th largest position. Schwartz Investment Counsel Inc. owned approximately 0.14% of Roper Technologies worth $89,439,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ROP. Vanguard Group Inc. grew its position in Roper Technologies by 0.7% during the fourth 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 in the last quarter. T. Rowe Price Investment Management Inc. grew its position in 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 worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its position in 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 buying an additional 29,184 shares in the last quarter. Norges Bank acquired a new stake in Roper Technologies during the fourth quarter worth approximately $914,052,000. Finally, Invesco Ltd. grew its position in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after buying an additional 31,531 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ROP shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Trading Down 0.3%

Shares of ROP stock traded down $1.80 during mid-day trading on Friday, hitting $563.51. The company's stock had a trading volume of 652,988 shares, compared to its average volume of 547,504. The company has a market cap of $60.59 billion, a PE ratio of 39.30, 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 company's fifty day simple moving average is $566.52 and its 200-day simple moving average is $558.56. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week 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, beating analysts' consensus estimates 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 revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.41 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is 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.