Pictet Asset Management Holding SA Acquires 205,019 Shares of Roper Technologies, Inc. (NYSE:ROP)

Pictet Asset Management Holding SA lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,083,549 shares of the industrial products company’s stock after purchasing an additional 205,019 shares during the quarter. Roper Technologies comprises 0.7% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 25th biggest holding. Pictet Asset Management Holding SA’s holdings in Roper Technologies were worth $638,648,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Roper Technologies during the 4th quarter valued at approximately $914,052,000. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. GAMMA Investing LLC grew its position in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company’s stock worth $657,320,000 after purchasing an additional 1,113,824 shares during the period. JPMorgan Chase & Co. grew its position in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Finally, Marshall Wace LLP grew its position in Roper Technologies by 15,719.2% in the 4th quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company’s stock worth $114,719,000 after purchasing an additional 219,283 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 0.0%

Shares of ROP stock traded up $0.15 on Friday, reaching $546.50. 93,971 shares of the company’s stock were exchanged, compared to its average volume of 556,981. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $58.76 billion, a PE ratio of 38.13, a P/E/G ratio of 2.77 and a beta of 1.02. The company’s fifty day simple moving average is $566.15 and its 200 day simple moving average is $561.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS 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%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.41 earnings per share. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, July 8th. Roper Technologies’s dividend payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. William Blair initiated coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. Royal Bank Of Canada upped their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Robert W. Baird upped their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has an average 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.