Sumitomo Mitsui Trust Group Inc. Raises Position in Roper Technologies, Inc. (NYSE:ROP)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,511 shares of the industrial products company's stock after purchasing an additional 4,229 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Roper Technologies worth $170,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Oxford Financial Group LTD. LLC raised its holdings in shares of Roper Technologies by 3.1% in the fourth 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 period. Meridian Financial Partners LLC raised its holdings in shares of Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after buying an additional 19 shares during the period. My Legacy Advisors LLC raised its holdings in shares of Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after buying an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in shares of Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after buying an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC raised its holdings in shares of Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.3%

Shares of NYSE ROP opened at $563.51 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $60.59 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The stock's fifty day simple moving average is $566.52 and its two-hundred day simple moving average is $558.56. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 EPS. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders 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 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird increased their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock 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 research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

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.

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