Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 33.5% in the first quarter, HoldingsChannel.com reports. The firm owned 698 shares of the industrial products company’s stock after purchasing an additional 175 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Roper Technologies were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the fourth quarter worth approximately $26,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at $31,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter valued at $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the fourth quarter valued at $38,000. Finally, Parvin Asset Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at $39,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $555.75 on Thursday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $59.75 billion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company’s fifty day moving average is $565.78 and its two-hundred day moving average is $558.28.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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 period in the prior year, the firm earned $4.41 EPS. Roper Technologies’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities 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 will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ROP shares. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird upped their price target on Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Company 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.