WealthBridge Capital Management LLC Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

WealthBridge Capital Management LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 8.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 814 shares of the industrial products company’s stock after buying an additional 62 shares during the period. WealthBridge Capital Management LLC’s holdings in Roper Technologies were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of Roper Technologies in the 1st quarter worth about $34,000. Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $31,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the 4th quarter worth about $36,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $39,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair assumed coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada raised their target price on shares of Roper Technologies from $694.00 to $695.00 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Stock Down 0.3%

ROP stock opened at $563.51 on Friday. The firm has a 50 day moving average of $566.52 and a 200 day moving average of $558.51. The stock has a market capitalization of $60.59 billion, a PE 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 52 week low of $499.47 and a 52 week high of $595.17.

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

Roper Technologies Dividend Announcement

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

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.