MassMutual Private Wealth & Trust FSB Acquires 917 Shares of Roper Technologies, Inc. (NYSE:ROP)

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,833 shares of the industrial products company's stock after purchasing an additional 917 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Roper Technologies were worth $20,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $26,000. Putney Financial Group LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $31,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth approximately $36,000. Parvin Asset Management LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $39,000. Finally, OFI Invest Asset Management purchased a new stake in Roper Technologies in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROP shares. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Truist Financial reaffirmed a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $5.02 during midday trading on Friday, reaching $569.29. 808,786 shares of the stock traded hands, compared to its average volume of 549,598. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $61.21 billion, a PE ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company's 50 day moving average is $564.81 and its 200 day moving average is $557.48.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.41 earnings per share. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

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.