Roper Technologies, Inc. (NYSE:ROP) is Manitou Investment Management Ltd.'s 4th Largest Position

Manitou Investment Management Ltd. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,160 shares of the industrial products company's stock after buying an additional 2,817 shares during the period. Roper Technologies accounts for 7.8% of Manitou Investment Management Ltd.'s holdings, making the stock its 4th biggest holding. Manitou Investment Management Ltd. owned about 0.06% of Roper Technologies worth $40,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Roper Technologies in the 4th quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. boosted 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 in the last quarter. GAMMA Investing LLC grew its holdings in Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after purchasing an additional 1,113,824 shares during the period. JPMorgan Chase & Co. increased its stake in Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after purchasing an additional 360,632 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $148,070,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James restated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Down 2.0%

NYSE ROP traded down $11.28 on Friday, reaching $560.75. The company had a trading volume of 436,797 shares, compared to its average volume of 548,179. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $563.80 and its 200 day moving average is $558.37. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a market capitalization of $60.29 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its 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%. During the same period last year, the business posted $4.41 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's payout ratio is presently 23.81%.

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.