Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,297 shares of the industrial products company's stock after selling 699 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Roper Technologies were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in Roper Technologies during the 4th quarter valued at $203,000. Global Retirement Partners LLC raised its holdings in Roper Technologies by 13.5% during the 4th quarter. Global Retirement Partners LLC now owns 562 shares of the industrial products company's stock valued at $292,000 after buying an additional 67 shares during the period. Sigma Planning Corp raised its holdings in Roper Technologies by 1.0% during the 4th quarter. Sigma Planning Corp now owns 2,048 shares of the industrial products company's stock valued at $1,065,000 after buying an additional 21 shares during the period. Wealthspire Advisors LLC raised its holdings in Roper Technologies by 7.3% during the 4th quarter. Wealthspire Advisors LLC now owns 1,087 shares of the industrial products company's stock valued at $565,000 after buying an additional 74 shares during the period. Finally, IFP Advisors Inc raised its holdings in Roper Technologies by 7.9% during the 4th quarter. IFP Advisors Inc now owns 3,920 shares of the industrial products company's stock valued at $2,040,000 after buying an additional 288 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP opened at $571.02 on Wednesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 business's fifty day simple moving average is $566.02 and its 200-day simple moving average is $558.23. The company has a market capitalization of $61.39 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business posted $4.41 EPS. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank Of Canada upped their price objective on 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 given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average 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.

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