Veriti Management LLC lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,841 shares of the industrial products company's stock after buying an additional 212 shares during the quarter. Veriti Management LLC's holdings in Roper Technologies were worth $727,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. FourThought Financial LLC raised its stake in shares of Roper Technologies by 11.0% during the 1st quarter. FourThought Financial LLC now owns 242 shares of the industrial products company's stock worth $114,000 after buying an additional 24 shares during the period. JFS Wealth Advisors LLC raised its stake in Roper Technologies by 6.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 396 shares of the industrial products company's stock valued at $187,000 after purchasing an additional 24 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in Roper Technologies by 3.6% in the 1st quarter. Ameritas Advisory Services LLC now owns 712 shares of the industrial products company's stock valued at $336,000 after purchasing an additional 25 shares during the last quarter. Freedom Day Solutions LLC raised its stake in Roper Technologies by 0.5% in the 1st quarter. Freedom Day Solutions LLC now owns 4,933 shares of the industrial products company's stock valued at $2,329,000 after purchasing an additional 26 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC raised its stake in Roper Technologies by 2.6% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 1,048 shares of the industrial products company's stock valued at $414,000 after purchasing an additional 27 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
Several research firms recently commented on ROP. Cowen reduced their price objective on Roper Technologies from $545.00 to $500.00 and set an "outperform" rating for the company in a research note on Tuesday, July 26th. The Goldman Sachs Group reduced their price objective on Roper Technologies from $540.00 to $412.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Robert W. Baird reduced their price objective on Roper Technologies from $480.00 to $460.00 in a research note on Tuesday, July 26th. StockNews.com downgraded Roper Technologies from a "buy" rating to a "hold" rating in a research note on Friday, June 10th. Finally, Sanford C. Bernstein started coverage on Roper Technologies in a research note on Tuesday, August 16th. They issued a "market perform" rating and a $490.00 target price for the company. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $492.90.
Roper Technologies Stock Performance
NYSE ROP opened at $366.90 on Wednesday. The stock has a market cap of $38.90 billion, a PE ratio of 13.65, a P/E/G ratio of 2.65 and a beta of 1.05. The company has a current ratio of 1.58, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48. Roper Technologies, Inc. has a twelve month low of $364.97 and a twelve month high of $505.00. The stock has a fifty day simple moving average of $411.69 and a 200-day simple moving average of $426.11.
Roper Technologies (NYSE:ROP – Get Rating) last released its quarterly earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.82 by $0.13. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.76 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post 13.6 earnings per share for the current year.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, October 5th. Roper Technologies's dividend payout ratio (DPR) is 9.23%.
About Roper Technologies
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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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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