Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lifted by Vident Advisory LLC

Vident Advisory LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,778 shares of the industrial products company's stock after acquiring an additional 1,039 shares during the period. Vident Advisory LLC's holdings in Roper Technologies were worth $1,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Plato Investment Management Ltd boosted its stake in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after acquiring an additional 1,182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Roper Technologies by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after acquiring an additional 8,415 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Roper Technologies by 19.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after buying an additional 1,021 shares during the period. Eos Management L.P. boosted its position in shares of Roper Technologies by 124.9% during the fourth quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company's stock worth $4,327,000 after buying an additional 4,623 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Roper Technologies by 5.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 107,146 shares of the industrial products company's stock worth $55,700,000 after buying an additional 5,642 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

ROP traded up $6.69 during trading on Tuesday, reaching $573.72. The stock had a trading volume of 109,653 shares, compared to its average volume of 632,586. The firm has a market capitalization of $61.68 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The stock has a 50 day moving average of $565.35 and a two-hundred day moving average of $557.26. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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 return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. 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.