Creekmur Asset Management LLC Buys 381 Shares of Roper Technologies, Inc. (NYSE:ROP)

Creekmur Asset Management LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4,233.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 390 shares of the industrial products company’s stock after acquiring an additional 381 shares during the period. Creekmur Asset Management LLC’s holdings in Roper Technologies were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ROP. Burling Wealth Partners LLC lifted its stake in Roper Technologies by 9.6% in the first quarter. Burling Wealth Partners LLC now owns 9,281 shares of the industrial products company’s stock worth $5,472,000 after acquiring an additional 815 shares during the period. Forte Capital LLC ADV raised its stake in Roper Technologies by 3.6% in the first quarter. Forte Capital LLC ADV now owns 631 shares of the industrial products company’s stock worth $372,000 after buying an additional 22 shares in the last quarter. Forum Financial Management LP lifted its holdings in Roper Technologies by 12.3% in the first quarter. Forum Financial Management LP now owns 951 shares of the industrial products company’s stock worth $561,000 after buying an additional 104 shares during the period. Graypoint LLC grew its holdings in shares of Roper Technologies by 1.3% during the 1st quarter. Graypoint LLC now owns 3,484 shares of the industrial products company’s stock worth $2,054,000 after acquiring an additional 45 shares during the period. Finally, Ascent Wealth Partners LLC lifted its stake in shares of Roper Technologies by 11.0% in the 1st quarter. Ascent Wealth Partners LLC now owns 15,601 shares of the industrial products company’s stock valued at $9,007,000 after purchasing an additional 1,547 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ROP shares. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an “outperform” rating on the stock. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Barclays restated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Stock Down 0.3%

Shares of NYSE:ROP opened at $544.79 on Friday. The company has a 50 day moving average of $565.64 and a two-hundred day moving average of $561.27. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $58.57 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

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

Roper Technologies Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio is currently 23.81%.

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.