Sumitomo Mitsui DS Asset Management Company Ltd Has $8.69 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,731 shares of the industrial products company's stock after purchasing an additional 936 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Roper Technologies were worth $8,685,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ROP. Brighton Jones LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $203,000. SVB Wealth LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $551,000. Smartleaf Asset Management LLC lifted its stake in Roper Technologies by 18.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 911 shares of the industrial products company's stock valued at $474,000 after acquiring an additional 141 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Roper Technologies by 33.0% in the fourth quarter. Jones Financial Companies Lllp now owns 14,177 shares of the industrial products company's stock valued at $7,370,000 after acquiring an additional 3,515 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $55,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Robert W. Baird boosted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $6.77 on Thursday, hitting $572.85. The stock had a trading volume of 243,956 shares, compared to its average volume of 549,432. 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 price is $567.80 and its 200-day moving average price is $558.94. The company has a market capitalization of $61.59 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

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 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 EPS. On average, equities research analysts predict 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 will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

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.