Roper Technologies, Inc. (NYSE:ROP) Holdings Decreased by Congress Asset Management Co.

Congress Asset Management Co. lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 43.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,919 shares of the industrial products company's stock after selling 1,498 shares during the quarter. Congress Asset Management Co.'s holdings in Roper Technologies were worth $1,132,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the fourth quarter worth approximately $26,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $36,000. Parvin Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at $39,000. Finally, OFI Invest Asset Management acquired a new stake in Roper Technologies in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROP. Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus lowered their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Performance

ROP traded up $2.47 during trading hours on Thursday, hitting $572.03. 274,929 shares of the stock were exchanged, compared to its average volume of 548,276. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a 50-day simple moving average of $563.01 and a 200-day simple moving average of $558.27. 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 stock has a market cap of $61.50 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced 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 return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the business posted $4.41 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. 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.