Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Lord & Richards Wealth Management LLC

Lord & Richards Wealth Management LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 113.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,023 shares of the industrial products company's stock after acquiring an additional 1,076 shares during the period. Roper Technologies accounts for about 1.4% of Lord & Richards Wealth Management LLC's portfolio, making the stock its 24th largest holding. Lord & Richards Wealth Management LLC's holdings in Roper Technologies were worth $1,193,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ROP. Norges Bank acquired a new position in Roper Technologies in the 4th quarter valued at about $914,052,000. T. Rowe Price Investment Management Inc. increased its stake 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 valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. GAMMA Investing LLC increased its stake in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after buying an additional 1,113,824 shares during the period. JPMorgan Chase & Co. increased its stake in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after buying an additional 360,632 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Roper Technologies by 15,719.2% during the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock worth $114,719,000 after acquiring an additional 219,283 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP opened at $548.33 on Tuesday. The business's 50 day moving average is $567.80 and its two-hundred day moving average is $561.13. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The firm has a market cap of $58.95 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.77 and a beta of 1.02. 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 data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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%. During the same quarter in the previous year, the company earned $4.41 EPS. Roper Technologies's revenue was up 12.0% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal 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 paid 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 yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Wall Street Analyst Weigh In

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

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