Roper Technologies, Inc. (NYSE:ROP) Position Raised by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 15.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,026 shares of the industrial products company’s stock after buying an additional 410 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Roper Technologies were worth $1,684,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Roper Technologies by 3.1% during the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after purchasing an additional 33,544 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after purchasing an additional 64,565 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Roper Technologies by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after purchasing an additional 33,780 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on ROP shares. Barclays boosted their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Performance

Shares of ROP traded up $3.93 during mid-day trading on Friday, hitting $546.03. The company’s stock had a trading volume of 33,415 shares, compared to its average volume of 494,390. The firm has a market capitalization of $58.53 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The stock’s 50-day moving average is $551.48 and its two-hundred day moving average is $545.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $4.32 earnings per share. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.22%.

About Roper Technologies

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.