 Advisory Alpha LLC grew its position in  Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.0% in the second quarter, HoldingsChannel.com reports. The firm owned 538 shares of the industrial products company’s stock after acquiring an additional 35 shares during the period. Advisory Alpha LLC’s holdings in Roper Technologies were worth $305,000 at the end of the most recent reporting period.
Advisory Alpha LLC grew its position in  Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 7.0% in the second quarter, HoldingsChannel.com reports. The firm owned 538 shares of the industrial products company’s stock after acquiring an additional 35 shares during the period. Advisory Alpha LLC’s holdings in Roper Technologies were worth $305,000 at the end of the most recent reporting period. 
A number of other institutional investors have also bought and sold shares of the business. Nuveen LLC purchased a new position in Roper Technologies in the 1st quarter worth approximately $894,764,000. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock worth $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after acquiring an additional 500,764 shares during the last quarter. Swedbank AB increased its position in shares of Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after purchasing an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Roper Technologies by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock worth $377,407,000 after acquiring an additional 252,056 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
ROP opened at $446.28 on Thursday. The company has a market cap of $48.02 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $507.82 and its 200-day moving average price is $541.10. Roper Technologies, Inc. has a 52-week low of $444.13 and a 52-week high of $595.17.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio is presently 22.74%.
Analyst Upgrades and Downgrades
ROP has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Barclays cut their price objective on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating on the stock in a research report on Monday. Robert W. Baird set a $592.00 price objective on shares of Roper Technologies in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Finally, Truist Financial set a $650.00 price target on Roper Technologies in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $577.83.
Check Out Our Latest Stock Analysis on ROP
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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