Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Meridian Financial Partners LLC

Meridian Financial Partners LLC raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,071 shares of the industrial products company’s stock after purchasing an additional 19 shares during the quarter. Meridian Financial Partners LLC’s holdings in Roper Technologies were worth $1,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC increased its holdings in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 18 shares in the last quarter. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares during the period. Exchange Capital Management Inc. grew its holdings in Roper Technologies by 0.7% during the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after acquiring an additional 20 shares during the period. Finally, Smith Shellnut Wilson LLC ADV grew its holdings in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company’s stock worth $399,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ROP. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating for the company. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Trading Up 0.6%

ROP opened at $572.87 on Friday. The stock has a market capitalization of $61.59 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm’s fifty day simple moving average is $562.95 and its 200 day simple moving average is $557.97. 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 (NYSE:ROP) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.41 EPS. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

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.