Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,063 shares of the industrial products company's stock, valued at approximately $2,395,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Moody National Bank Trust Division boosted its position in Roper Technologies by 4.1% during the 1st quarter. Moody National Bank Trust Division now owns 2,183 shares of the industrial products company's stock worth $1,287,000 after purchasing an additional 86 shares during the period. Versant Capital Management Inc lifted its holdings in Roper Technologies by 235.1% in the 1st quarter. Versant Capital Management Inc now owns 382 shares of the industrial products company's stock worth $225,000 after buying an additional 268 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Roper Technologies by 2.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock worth $20,537,000 after buying an additional 917 shares in the last quarter. First Financial Bank Trust Division lifted its holdings in Roper Technologies by 1.4% in the 1st quarter. First Financial Bank Trust Division now owns 10,876 shares of the industrial products company's stock worth $6,412,000 after buying an additional 154 shares in the last quarter. Finally, Fire Capital Management LLC acquired a new position in Roper Technologies in the 4th quarter worth $425,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the topic of a number of recent analyst reports. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Royal Bank of Canada upped their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $0.49 during trading on Tuesday, hitting $567.18. 96,655 shares of the company's stock traded hands, compared to its average volume of 546,295. 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 firm's fifty day moving average price is $564.49 and its 200 day moving average price is $557.46. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a market cap of $60.98 billion, a PE ratio of 39.55, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the company posted $4.41 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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