Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,192 shares of the industrial products company's stock after purchasing an additional 1,376 shares during the period. Signal Advisors Wealth LLC's holdings in Roper Technologies were worth $4,240,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Manchester Capital Management LLC grew its holdings in Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after acquiring an additional 18 shares during the period. Oxford Financial Group LTD. LLC grew its holdings in Roper Technologies by 3.1% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after acquiring an additional 18 shares during the period. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after acquiring an additional 20 shares during the period. Exchange Capital Management Inc. grew its holdings in 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 acquiring an additional 20 shares during the period. Finally, Smith Shellnut Wilson LLC ADV grew its holdings in 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 acquiring an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report 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. Finally, Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Performance

NYSE ROP opened at $569.57 on Friday. The company has a market cap of $61.24 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The stock's 50 day simple moving average is $563.31 and its 200-day simple moving average is $557.74. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

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

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.

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