Drake & Associates LLC Buys 83 Shares of Roper Technologies, Inc. (NYSE:ROP)

Drake & Associates LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 823 shares of the industrial products company’s stock after buying an additional 83 shares during the quarter. Drake & Associates LLC’s holdings in Roper Technologies were worth $485,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter valued at approximately $27,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at $31,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies during the first quarter worth $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Roper Technologies in the first quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE:ROP opened at $572.85 on Friday. 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, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a fifty day moving average of $568.37 and a 200-day moving average of $559.63. The firm has a market capitalization of $61.59 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.02.

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

Roper Technologies Announces Dividend

The firm also recently declared 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. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. Stifel Nicolaus dropped 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. Finally, Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

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.