Verity Asset Management Inc. Purchases 616 Shares of Roper Technologies, Inc. (NYSE:ROP)

Verity Asset Management Inc. grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 113.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,158 shares of the industrial products company's stock after purchasing an additional 616 shares during the period. Verity Asset Management Inc.'s holdings in Roper Technologies were worth $683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. Brighton Jones LLC bought a new stake in Roper Technologies during the 4th quarter worth about $203,000. Oppenheimer & Co. Inc. raised its holdings in Roper Technologies by 19.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after acquiring an additional 1,021 shares in the last quarter. QRG Capital Management Inc. boosted its position in Roper Technologies by 140.3% during the fourth quarter. QRG Capital Management Inc. now owns 4,611 shares of the industrial products company's stock valued at $2,397,000 after purchasing an additional 2,692 shares during the last quarter. SVB Wealth LLC acquired a new position in Roper Technologies during the fourth quarter valued at approximately $551,000. Finally, Metis Global Partners LLC increased its position in shares of Roper Technologies by 4.6% during the 4th quarter. Metis Global Partners LLC now owns 4,729 shares of the industrial products company's stock worth $2,458,000 after purchasing an additional 207 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Performance

NYSE ROP traded up $5.87 on Tuesday, reaching $572.71. The stock had a trading volume of 459,223 shares, compared to its average volume of 549,768. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $61.57 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The firm has a fifty day moving average of $567.07 and a two-hundred day moving average of $558.80.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

About Roper Technologies

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.