Wealthfront Advisers LLC Acquires 1,821 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wealthfront Advisers LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,099 shares of the industrial products company's stock after buying an additional 1,821 shares during the quarter. Wealthfront Advisers LLC's holdings in Roper Technologies were worth $7,723,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. CWA Asset Management Group LLC raised its position in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares in the last quarter. Freedom Day Solutions LLC bought a new position in shares of Roper Technologies in the 1st quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. raised its position in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after acquiring an additional 32,694 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after acquiring an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC bought a new position in shares of Roper Technologies in the 1st quarter worth approximately $264,000. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROP has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. William Blair initiated coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus cut their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Performance

Shares of ROP stock traded up $1.12 on Thursday, reaching $546.35. The stock had a trading volume of 460,985 shares, compared to its average volume of 558,805. The stock has a market cap of $58.74 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a 50 day simple moving average of $566.72 and a 200 day simple moving average of $560.91.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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%. During the same period in the prior year, the company posted $4.41 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio is currently 23.81%.

Roper Technologies 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.