Eos Management L.P. Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Eos Management L.P. raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 41.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,759 shares of the industrial products company's stock after purchasing an additional 3,435 shares during the quarter. Roper Technologies makes up approximately 3.1% of Eos Management L.P.'s holdings, making the stock its 9th biggest position. Eos Management L.P.'s holdings in Roper Technologies were worth $6,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Marks Group Wealth Management Inc increased its holdings in shares of Roper Technologies by 2.1% during the 1st quarter. Marks Group Wealth Management Inc now owns 20,954 shares of the industrial products company's stock valued at $12,354,000 after acquiring an additional 423 shares during the last quarter. CWM LLC increased its holdings in shares of Roper Technologies by 4.5% during the 1st quarter. CWM LLC now owns 3,807 shares of the industrial products company's stock valued at $2,244,000 after acquiring an additional 163 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $71,000. Stephens Investment Management Group LLC increased its holdings in shares of Roper Technologies by 6.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 28,102 shares of the industrial products company's stock valued at $16,568,000 after acquiring an additional 1,635 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Roper Technologies by 0.9% during the 1st quarter. Stephens Inc. AR now owns 10,316 shares of the industrial products company's stock valued at $6,082,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ROP shares. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Royal Bank Of Canada increased their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

Shares of ROP traded down $2.34 during mid-day trading on Friday, reaching $547.46. The company had a trading volume of 742,977 shares, compared to its average volume of 558,191. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month 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's 50-day moving average is $568.26 and its 200-day moving average is $560.73. The company has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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 firm posted $4.41 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Roper Technologies Company 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.