Raymond James Financial Services Advisors Inc. Has $33.52 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Raymond James Financial Services Advisors Inc. increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,760 shares of the industrial products company's stock after purchasing an additional 6,672 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Roper Technologies worth $33,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. lifted its holdings in shares of Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company's stock worth $728,000 after buying an additional 19 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company's stock valued at $454,000 after purchasing an additional 20 shares during the period. Legacy Private Trust Co. increased its position in shares of Roper Technologies by 4.4% during the first quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company's stock valued at $264,000 after purchasing an additional 20 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company's stock valued at $346,000 after purchasing an additional 20 shares during the period. Finally, NorthRock Partners LLC increased its position in shares of Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company's stock valued at $592,000 after purchasing an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Mizuho upped their price target on Roper Technologies from $525.00 to $530.00 and gave the company a "neutral" rating in a research report on Monday. Royal Bank of Canada lowered their price target on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating on the stock in a research report on Monday. Barclays upped their price target on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Finally, TD Cowen cut Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $579.83.

Roper Technologies Trading Up 0.6 %

NYSE:ROP traded up $3.30 during mid-day trading on Wednesday, hitting $514.76. The company had a trading volume of 767,835 shares, compared to its average volume of 515,581. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The business's fifty day moving average is $543.08 and its two-hundred day moving average is $533.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a market cap of $55.10 billion, a P/E ratio of 37.36, a P/E/G ratio of 2.69 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $3.90 earnings per share. As a group, research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.94% of the company's stock.

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.

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