Roper Technologies, Inc. (NYSE:ROP) is Schwartz Investment Counsel Inc.’s 4th Largest Position

Schwartz Investment Counsel Inc. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,700 shares of the industrial products company’s stock after acquiring an additional 14,000 shares during the period. Roper Technologies comprises 3.1% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 4th largest holding. Schwartz Investment Counsel Inc. owned approximately 0.14% of Roper Technologies worth $89,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock valued at $5,497,467,000 after acquiring an additional 72,503 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Roper Technologies by 42.2% during the fourth 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 buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after buying an additional 29,184 shares in the last quarter. Norges Bank purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $914,052,000. Finally, Invesco Ltd. grew its holdings in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock worth $774,687,000 after buying an additional 31,531 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target 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. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price target 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. Oppenheimer reiterated an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird lifted their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Trading Down 0.3%

Shares of ROP stock opened at $563.51 on Friday. The stock has a market cap of $60.59 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. 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 firm’s 50 day moving average price is $566.52 and its two-hundred day moving average price is $558.51.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is 23.81%.

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.