Stephens Investment Management Group LLC Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Stephens Investment Management Group LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,102 shares of the industrial products company's stock after buying an additional 1,635 shares during the quarter. Stephens Investment Management Group LLC's holdings in Roper Technologies were worth $16,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oxford Financial Group LTD. LLC grew its stake in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC grew its stake in Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after purchasing an additional 19 shares during the last quarter. My Legacy Advisors LLC grew its stake in Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its stake in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ROP shares. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Royal Bank Of Canada boosted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Performance

Shares of ROP stock opened at $547.46 on Monday. The stock has a market cap of $58.86 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 business has a 50-day simple moving average of $568.26 and a 200-day simple moving average of $560.96.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. The firm's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.41 earnings per share. On average, equities analysts expect 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 issued a $0.825 dividend. 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 payout ratio is 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.

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