Legacy Advisors LLC Purchases New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Legacy Advisors LLC purchased a new stake in Roper Technologies, Inc. (NYSE:ROP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 447 shares of the industrial products company’s stock, valued at approximately $264,000.

Several other institutional investors have also made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its stake in shares of Roper Technologies by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 50,516 shares of the industrial products company’s stock valued at $29,783,000 after buying an additional 1,418 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Roper Technologies by 0.9% in the first quarter. Oppenheimer & Co. Inc. now owns 6,353 shares of the industrial products company’s stock valued at $3,746,000 after buying an additional 55 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Roper Technologies by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,367 shares of the industrial products company’s stock valued at $3,754,000 after buying an additional 289 shares during the period. MBE Wealth Management LLC bought a new stake in shares of Roper Technologies in the first quarter valued at approximately $362,000. Finally, LVZ Inc. boosted its stake in shares of Roper Technologies by 9.4% in the first quarter. LVZ Inc. now owns 869 shares of the industrial products company’s stock valued at $512,000 after buying an additional 75 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Barclays restated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James Financial restated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Stock Down 0.7%

Shares of ROP opened at $566.94 on Thursday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $60.95 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a fifty day moving average of $566.23 and a 200-day moving average of $558.29.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued 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 payout ratio is 23.81%.

Roper Technologies Company 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.