Vontobel Holding Ltd. Buys 11,233 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vontobel Holding Ltd. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,755 shares of the industrial products company's stock after purchasing an additional 11,233 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.13% of Roper Technologies worth $81,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Roper Technologies during the 1st quarter valued at about $367,000. Mather Group LLC. raised its stake in Roper Technologies by 9.4% during the first quarter. Mather Group LLC. now owns 778 shares of the industrial products company's stock worth $459,000 after acquiring an additional 67 shares in the last quarter. Alta Advisers Ltd acquired a new stake in shares of Roper Technologies during the 1st quarter worth about $318,000. Smith Salley Wealth Management increased its position in shares of Roper Technologies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 35,088 shares of the industrial products company's stock worth $20,687,000 after purchasing an additional 222 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its holdings in Roper Technologies by 16.5% during the 1st quarter. Red Door Wealth Management LLC now owns 10,433 shares of the industrial products company's stock valued at $6,151,000 after purchasing an additional 1,477 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada increased their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Trading Up 1.0%

Shares of Roper Technologies stock traded up $5.87 during trading on Tuesday, reaching $572.71. 459,223 shares of the company were exchanged, compared to its average volume of 549,013. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The business has a 50-day moving average price of $567.07 and a 200-day moving average price of $558.80. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $61.57 billion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 2.77 and a beta of 1.03.

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

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

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.