Financial Management Professionals Inc. Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Financial Management Professionals Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 97.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 272 shares of the industrial products company’s stock after purchasing an additional 134 shares during the quarter. Financial Management Professionals Inc.’s holdings in Roper Technologies were worth $160,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROP. Sendero Wealth Management LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $288,000. Iams Wealth Management LLC increased its stake in Roper Technologies by 9.2% in the first quarter. Iams Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 84 shares during the last quarter. Crestmont Private Wealth LLC increased its stake in Roper Technologies by 21.8% in the first quarter. Crestmont Private Wealth LLC now owns 966 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 173 shares during the last quarter. Threadgill Financial LLC grew its position in shares of Roper Technologies by 75.5% in the 1st quarter. Threadgill Financial LLC now owns 9,382 shares of the industrial products company’s stock valued at $5,531,000 after buying an additional 4,037 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its position in shares of Roper Technologies by 826.1% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $126,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.0%

Shares of ROP stock opened at $568.01 on Thursday. The business’s 50 day moving average is $563.71 and its two-hundred day moving average is $557.60. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $61.07 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.41 EPS. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.81%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Raymond James restated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Oppenheimer restated an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $632.36.

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.