Dakota Wealth Management Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Dakota Wealth Management cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 73.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,014 shares of the industrial products company's stock after selling 8,329 shares during the period. Dakota Wealth Management's holdings in Roper Technologies were worth $1,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 72,503 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in 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 worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC boosted its stake in Roper Technologies by 1.2% in 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 Roper Technologies in the fourth quarter worth approximately $914,052,000. Finally, Invesco Ltd. boosted its stake in Roper Technologies by 2.2% in 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. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 0.2%

ROP traded down $1.20 during trading on Friday, reaching $545.15. The stock had a trading volume of 122,181 shares, compared to its average volume of 611,861. The stock's 50 day moving average is $566.15 and its two-hundred day moving average is $561.10. 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 market capitalization of $58.61 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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 quarter in the prior year, the firm earned $4.41 earnings per share. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given 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 0.61%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

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.