Sequoia Financial Advisors LLC Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

Sequoia Financial Advisors LLC increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 307.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,155 shares of the industrial products company's stock after buying an additional 7,663 shares during the period. Sequoia Financial Advisors LLC's holdings in Roper Technologies were worth $5,987,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the fourth quarter valued at approximately $31,000. Alpine Bank Wealth Management bought a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $34,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $38,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROP. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. Mizuho set a $600.00 price target on shares of Roper Technologies in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Stock Performance

ROP stock traded down $1.80 during trading on Friday, reaching $563.51. The company had a trading volume of 652,988 shares, compared to its average volume of 547,504. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. 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 quick ratio of 0.37 and a current ratio of 0.40. The firm has a 50-day simple moving average of $566.52 and a 200-day simple moving average of $558.56.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 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 quarter in the prior year, the company earned $4.41 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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 issued a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) 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.