Sequoia Financial Advisors LLC Purchases 7,663 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sequoia Financial Advisors LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 307.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,155 shares of the industrial products company’s stock after buying an additional 7,663 shares during the period. Sequoia Financial Advisors LLC’s holdings in Roper Technologies were worth $5,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC grew its holdings in Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 61 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Roper Technologies by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock worth $20,537,000 after purchasing an additional 917 shares during the period. Raiffeisen Bank International AG acquired a new stake in Roper Technologies in the fourth quarter worth $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in Roper Technologies in the first quarter worth $2,395,000. Finally, Assenagon Asset Management S.A. grew its holdings in Roper Technologies by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock worth $1,808,000 after purchasing an additional 30 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.3%

ROP opened at $563.51 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company’s 50-day moving average is $566.52 and its 200 day moving average is $558.51. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $60.59 billion, a P/E ratio of 39.30, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter last year, the company earned $4.41 EPS. Roper Technologies’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies’s payout ratio is 23.81%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ROP shares. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Raymond James Financial restated a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Barclays restated an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird lifted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

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.