168 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Menard Financial Group LLC

Menard Financial Group LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 168 shares of the industrial products company’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Roper Technologies in the fourth quarter worth approximately $61,988,000. United Advisor Group LLC increased its holdings in Roper Technologies by 13.3% during the fourth quarter. United Advisor Group LLC now owns 977 shares of the industrial products company’s stock valued at $508,000 after buying an additional 115 shares during the last quarter. Challenger Wealth Management bought a new position in Roper Technologies in the fourth quarter worth approximately $388,000. Ascent Group LLC boosted its stake in shares of Roper Technologies by 2.6% during the 4th quarter. Ascent Group LLC now owns 7,333 shares of the industrial products company’s stock worth $3,812,000 after acquiring an additional 184 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Stock Up 1.2%

Shares of ROP opened at $573.82 on Wednesday. The business’s 50 day moving average is $565.32 and its 200 day moving average is $557.37. The company has a current ratio of 0.40, a quick ratio of 0.37 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 company has a market capitalization of $61.69 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating 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 company posted $4.41 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. 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.