Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 28.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117 shares of the industrial products company’s stock after acquiring an additional 26 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Roper Technologies were worth $69,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $31,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter worth about $36,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $39,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $38,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Oppenheimer restated an “outperform” rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Trading Up 0.9%

NYSE:ROP opened at $571.02 on Wednesday. The business’s 50-day moving average is $566.02 and its two-hundred day moving average is $558.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market capitalization of $61.39 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $4.41 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid 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 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 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.