Greenleaf Trust Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Greenleaf Trust raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,143 shares of the industrial products company’s stock after purchasing an additional 494 shares during the quarter. Greenleaf Trust’s holdings in Roper Technologies were worth $21,899,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $26,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter worth about $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies in the fourth quarter worth about $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the first quarter worth approximately $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.2%

Shares of NYSE ROP opened at $564.59 on Wednesday. The firm has a market cap of $60.70 billion, a PE ratio of 39.37, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company’s fifty day simple moving average is $568.82 and its 200 day simple moving average is $560.21. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

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 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 yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROP. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Finally, Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock 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.