Vanguard Group Inc. Buys 57,473 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vanguard Group Inc. increased its stake in Roper Technologies, Inc. (NYSE:ROPGet Rating) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,740,029 shares of the industrial products company’s stock after buying an additional 57,473 shares during the quarter. Vanguard Group Inc. owned about 8.25% of Roper Technologies worth $4,127,304,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ROP. FourThought Financial LLC lifted its holdings in Roper Technologies by 11.0% in the first quarter. FourThought Financial LLC now owns 242 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 24 shares during the period. JFS Wealth Advisors LLC increased its position in shares of Roper Technologies by 6.5% in the first quarter. JFS Wealth Advisors LLC now owns 396 shares of the industrial products company’s stock valued at $187,000 after buying an additional 24 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Roper Technologies by 3.6% in the first quarter. Ameritas Advisory Services LLC now owns 712 shares of the industrial products company’s stock valued at $336,000 after buying an additional 25 shares in the last quarter. Freedom Day Solutions LLC increased its position in shares of Roper Technologies by 0.5% in the first quarter. Freedom Day Solutions LLC now owns 4,933 shares of the industrial products company’s stock valued at $2,329,000 after buying an additional 26 shares in the last quarter. Finally, Bowman & Co S.C. increased its position in shares of Roper Technologies by 2.5% in the first quarter. Bowman & Co S.C. now owns 1,161 shares of the industrial products company’s stock valued at $548,000 after buying an additional 28 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.3 %

Shares of NYSE:ROP opened at $408.08 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $414.83 and a two-hundred day moving average of $431.47. The stock has a market cap of $43.26 billion, a P/E ratio of 15.19, a PEG ratio of 2.85 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $369.51 and a 52-week high of $505.00.

Roper Technologies (NYSE:ROPGet Rating) last issued its earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.12. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.76 EPS. On average, research analysts expect that Roper Technologies, Inc. will post 13.6 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 8th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.61%. The ex-dividend date was Thursday, July 7th. Roper Technologies’s payout ratio is currently 9.23%.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. TheStreet cut Roper Technologies from a “b” rating to a “c+” rating in a research report on Friday, July 22nd. Sanford C. Bernstein initiated coverage on Roper Technologies in a research report on Tuesday, August 16th. They issued a “market perform” rating and a $490.00 price objective for the company. Cowen cut their price objective on Roper Technologies from $545.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. StockNews.com cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Finally, The Goldman Sachs Group dropped their price target on Roper Technologies from $540.00 to $412.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $492.90.

Roper Technologies Company Profile

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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