Vest Financial LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,843 shares of the industrial products company's stock after selling 1,359 shares during the period. Roper Technologies makes up approximately 1.0% of Vest Financial LLC's holdings, making the stock its 21st biggest position. Vest Financial LLC owned 0.10% of Roper Technologies worth $61,224,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of ROP. Norges Bank purchased a new position in Roper Technologies in the 4th quarter worth about $914,052,000. T. Rowe Price Investment Management Inc. raised its position in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the last quarter. GAMMA Investing LLC raised its position in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after buying an additional 1,113,824 shares during the last quarter. JPMorgan Chase & Co. raised its position in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Roper Technologies in the 4th quarter worth about $148,070,000. Hedge funds and other institutional investors own 93.31% of the company's stock.
Roper Technologies Stock Performance
Roper Technologies stock traded up $3.39 during midday trading on Friday, hitting $572.87. The stock had a trading volume of 336,683 shares, compared to its average volume of 549,028. The firm's fifty day moving average is $562.95 and its two-hundred day moving average is $557.92. The company has a market capitalization of $61.59 billion, a PE ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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%. The firm's revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $4.41 earnings per share. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on ROP shares. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Finally, Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday, May 16th. 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 given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $632.36.
View Our Latest Research Report on Roper Technologies
Roper Technologies Company Profile
(
Free Report)
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.
Further Reading
Before you consider Roper Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.
While Roper Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
