Clear Creek Financial Management LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Clear Creek Financial Management LLC purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 370 shares of the industrial products company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also modified their holdings of ROP. Oxford Financial Group LTD. LLC grew its holdings in shares of Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC grew its stake in shares of Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company’s stock valued at $1,221,000 after buying an additional 19 shares in the last quarter. My Legacy Advisors LLC grew its position in shares of Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV grew its position in shares of Roper Technologies by 2.7% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC grew its position in shares of Roper Technologies by 2.7% in the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company’s stock valued at $448,000 after acquiring an additional 20 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.2%

Shares of Roper Technologies stock opened at $572.85 on Friday. The firm has a 50-day moving average of $568.06 and a 200-day moving average of $559.16. The stock has a market cap of $61.59 billion, a PE ratio of 39.95, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s payout ratio is 23.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird lifted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $632.36.

About Roper Technologies

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.