Goodman Advisory Group LLC Purchases 1,615 Shares of Roper Technologies, Inc. (NYSE:ROP)

Goodman Advisory Group LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 28.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,237 shares of the industrial products company's stock after acquiring an additional 1,615 shares during the period. Roper Technologies accounts for approximately 2.0% of Goodman Advisory Group LLC's portfolio, making the stock its 15th biggest holding. Goodman Advisory Group LLC's holdings in Roper Technologies were worth $4,267,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 during the period. T. Rowe Price Investment Management Inc. increased its stake 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 acquiring an additional 1,529,716 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Roper Technologies by 1.2% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $914,052,000. Finally, Invesco Ltd. grew its stake in shares of Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $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.

Roper Technologies Stock Down 0.3%

Shares of NYSE:ROP traded down $1.80 on Friday, reaching $563.51. The company had a trading volume of 652,988 shares, compared to its average volume of 547,504. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a 50-day moving average price of $566.52 and a 200 day moving average price of $558.56. The stock has a market capitalization of $60.59 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus 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.