D.A. Davidson & CO. Sells 570 Shares of Roper Technologies, Inc. (NYSE:ROP)

D.A. Davidson & CO. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 32.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,202 shares of the industrial products company's stock after selling 570 shares during the period. D.A. Davidson & CO.'s holdings in Roper Technologies were worth $709,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the fourth quarter valued at about $26,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies during the first quarter worth about $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter valued at about $31,000. Alpine Bank Wealth Management acquired a new position in Roper Technologies in the 1st quarter valued at approximately $34,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $36,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus decreased their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Trading Down 0.1%

Shares of ROP stock traded down $0.48 on Friday, hitting $549.32. The stock had a trading volume of 241,472 shares, compared to its average volume of 555,135. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market cap of $59.06 billion, a P/E ratio of 38.31, a PEG ratio of 2.77 and a beta of 1.02. 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 company has a fifty day moving average price of $568.63 and a two-hundred day moving average price of $560.37.

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, 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%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $4.41 earnings per share. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Roper Technologies 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.