Douglas Lane & Associates LLC Raises Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Douglas Lane & Associates LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,062 shares of the industrial products company's stock after buying an additional 10,406 shares during the quarter. Douglas Lane & Associates LLC owned 0.11% of Roper Technologies worth $70,786,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ROP. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 42.2% in the 4th 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 purchasing an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC increased its stake in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares during the last quarter. Norges Bank bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $914,052,000. Finally, Invesco Ltd. boosted its stake in shares of Roper Technologies by 2.2% in the 4th 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

ROP stock traded up $0.14 during mid-day trading on Wednesday, reaching $568.01. 737,248 shares of the company traded hands, compared to its average volume of 547,966. The company has a fifty day moving average price of $564.00 and a 200-day moving average price of $557.53. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a market capitalization of $61.07 billion, a P/E ratio of 39.61, a P/E/G ratio of 2.77 and a beta of 1.08. 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 quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $4.41 earnings per share. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research analyst reports. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

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.