Strong Tower Advisory Services Has $2.91 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Strong Tower Advisory Services boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,941 shares of the industrial products company's stock after purchasing an additional 838 shares during the quarter. Strong Tower Advisory Services' holdings in Roper Technologies were worth $2,913,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $26,000. Putney Financial Group LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $31,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the 4th quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $38,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 0.2%

Shares of NYSE ROP traded down $1.18 during midday trading on Thursday, reaching $566.83. The company's stock had a trading volume of 219,282 shares, compared to its average volume of 546,910. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market capitalization of $60.94 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.77 and a beta of 1.08. The stock has a 50 day simple moving average of $563.71 and a 200-day simple moving average of $557.60.

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 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 business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.41 EPS. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio is 23.81%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROP. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $632.36.

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.