Ameritas Advisory Services LLC Has $410,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Ameritas Advisory Services LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 695 shares of the industrial products company’s stock after selling 19 shares during the period. Ameritas Advisory Services LLC’s holdings in Roper Technologies were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its position in Roper Technologies by 8.6% during the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after buying an additional 61 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Roper Technologies in the first quarter worth $264,000. GAMMA Investing LLC lifted its position in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 819 shares during the last quarter. MBE Wealth Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $362,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Roper Technologies by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock valued at $20,537,000 after acquiring an additional 917 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.2%

Shares of ROP opened at $572.85 on Friday. 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, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market capitalization of $61.59 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The stock’s fifty day simple moving average is $568.06 and its 200-day simple moving average is $559.16.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping 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%. During the same quarter last year, the firm posted $4.41 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROP shares. Stifel Nicolaus dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a report on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating on the stock. Finally, Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. One research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $632.36.

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.