Schrum Private Wealth Management LLC Makes New $207,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

Schrum Private Wealth Management LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 350 shares of the industrial products company’s stock, valued at approximately $207,000.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its position in 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 position in Roper Technologies during the fourth quarter worth about $914,052,000. Finally, Invesco Ltd. grew its position in 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 own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2%

Shares of Roper Technologies stock opened at $548.33 on Tuesday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company’s fifty day moving average price is $567.80 and its two-hundred day moving average price is $561.13. The firm has a market capitalization of $58.95 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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 prior year, the business posted $4.41 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

ROP has been the topic of a number of research analyst reports. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Raymond James Financial restated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.