Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,163 shares of the industrial products company's stock after selling 506 shares during the period. Roper Technologies comprises 1.3% of Fulton Breakefield Broenniman LLC's portfolio, making the stock its 23rd largest holding. Fulton Breakefield Broenniman LLC's holdings in Roper Technologies were worth $17,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stephens Inc. AR raised its position in Roper Technologies by 0.9% during the first quarter. Stephens Inc. AR now owns 10,316 shares of the industrial products company's stock worth $6,082,000 after acquiring an additional 90 shares during the last quarter. Schechter Investment Advisors LLC grew its holdings in shares of Roper Technologies by 11.5% during the first quarter. Schechter Investment Advisors LLC now owns 873 shares of the industrial products company's stock worth $515,000 after buying an additional 90 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Roper Technologies by 65.0% during the first quarter. Mutual of America Capital Management LLC now owns 21,198 shares of the industrial products company's stock worth $12,498,000 after buying an additional 8,354 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Roper Technologies by 4.8% during the first quarter. Arizona State Retirement System now owns 32,237 shares of the industrial products company's stock worth $19,006,000 after buying an additional 1,483 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Roper Technologies by 5.7% during the first quarter. Ballentine Partners LLC now owns 1,757 shares of the industrial products company's stock worth $1,036,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Up 0.1%

ROP stock traded up $0.41 during midday trading on Wednesday, reaching $545.23. 669,529 shares of the company's stock traded hands, compared to its average volume of 559,607. The company has a market capitalization of $58.62 billion, a P/E ratio of 38.02, a PEG ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The business has a 50-day moving average price of $567.31 and a two-hundred day moving average price of $561.02.

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 for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.41 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. 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.