First Trust Advisors LP Raises Stake in Roper Technologies, Inc. $ROP

First Trust Advisors LP boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 21.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,343 shares of the industrial products company’s stock after buying an additional 103,306 shares during the quarter. First Trust Advisors LP’s holdings in Roper Technologies were worth $205,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empire Life Investments Inc. boosted its holdings in Roper Technologies by 38.5% in the fourth quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock valued at $20,261,000 after purchasing an additional 12,645 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after buying an additional 1,384,656 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Roper Technologies by 31.6% in the 4th quarter. BNP Paribas Financial Markets now owns 444,950 shares of the industrial products company’s stock valued at $198,061,000 after buying an additional 106,902 shares during the period. Horizon Investments LLC boosted its stake in shares of Roper Technologies by 94.7% in the fourth quarter. Horizon Investments LLC now owns 9,519 shares of the industrial products company’s stock worth $4,229,000 after buying an additional 4,629 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Roper Technologies by 38.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,581 shares of the industrial products company’s stock worth $10,740,000 after acquiring an additional 6,791 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ROP. Royal Bank Of Canada lifted their price target on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. BMO Capital Markets assumed coverage on shares of Roper Technologies in a research note on Friday, July 10th. They set a “market perform” rating and a $393.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Mizuho set a $355.00 target price on shares of Roper Technologies in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $466.50.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $336.71 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $566.24. The business has a 50-day moving average price of $338.62 and a 200 day moving average price of $354.91. The firm has a market cap of $33.98 billion, a PE ratio of 21.03, a P/E/G ratio of 1.60 and a beta of 0.76.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.19. Roper Technologies had a return on equity of 11.16% and a net margin of 21.12%.The company had revenue of $2.10 billion for the quarter. During the same quarter in the prior year, the company posted $4.78 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 21.95 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 8th. Roper Technologies’s dividend payout ratio is presently 22.74%.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.