Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Circle Wealth Management LLC

Circle Wealth Management LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROPGet Rating) by 10.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,796 shares of the industrial products company’s stock after acquiring an additional 176 shares during the period. Circle Wealth Management LLC’s holdings in Roper Technologies were worth $848,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in Roper Technologies during the first quarter worth $28,000. Curi Wealth Management LLC raised its position in shares of Roper Technologies by 1,625.0% in the first quarter. Curi Wealth Management LLC now owns 69 shares of the industrial products company’s stock valued at $32,000 after buying an additional 65 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $44,000. Kempen Capital Management N.V. acquired a new stake in shares of Roper Technologies in the first quarter valued at about $43,000. Finally, Jones Financial Companies Lllp raised its position in shares of Roper Technologies by 48.8% in the first quarter. Jones Financial Companies Lllp now owns 189 shares of the industrial products company’s stock valued at $89,000 after buying an additional 62 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.5 %

Shares of ROP stock opened at $410.16 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 1.55. The firm has a market cap of $43.48 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.86 and a beta of 1.05. The company has a 50-day moving average of $415.02 and a two-hundred day moving average of $431.26. Roper Technologies, Inc. has a 1-year low of $369.51 and a 1-year high of $505.00.

Roper Technologies (NYSE:ROPGet Rating) last announced its earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.12. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.54 billion. Roper Technologies had a net margin of 49.32% and a return on equity of 12.83%. Roper Technologies’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.76 earnings per share. On average, analysts predict that Roper Technologies, Inc. will post 13.6 EPS 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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 9.23%.

Analyst Ratings Changes

A number of brokerages have recently commented on ROP. Sanford C. Bernstein began coverage on shares of Roper Technologies in a research report on Tuesday, August 16th. They issued a “market perform” rating and a $490.00 target price for the company. Cowen reduced their target price on shares of 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 shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Wells Fargo & Company dropped their price objective on shares of Roper Technologies from $545.00 to $500.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Finally, Barclays dropped their price objective on shares of Roper Technologies from $500.00 to $480.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $492.90.

Roper Technologies 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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