Tandem Investment Advisors Inc. Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Tandem Investment Advisors Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,229 shares of the industrial products company’s stock after purchasing an additional 32,694 shares during the quarter. Roper Technologies makes up about 2.0% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Tandem Investment Advisors Inc. owned 0.09% of Roper Technologies worth $57,914,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC raised its holdings in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 61 shares during the period. Legacy Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter worth about $264,000. MBE Wealth Management LLC purchased a new stake in Roper Technologies during the 1st quarter worth approximately $362,000. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 819 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Roper Technologies by 2.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock valued at $20,537,000 after purchasing an additional 917 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.2%

Shares of ROP stock opened at $566.08 on Thursday. The business has a fifty day simple moving average of $567.80 and a 200-day simple moving average of $558.94. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $60.86 billion, a P/E ratio of 39.48, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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%. Roper Technologies’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.41 earnings per share. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio is 23.81%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROP. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an “outperform” rating on the stock. Barclays restated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada lifted their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $632.36.

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.