Hennion & Walsh Asset Management Inc. Sells 965 Shares of Roper Technologies, Inc. (NYSE:ROP)

Hennion & Walsh Asset Management Inc. decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,761 shares of the industrial products company's stock after selling 965 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Roper Technologies were worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth $26,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter valued at about $31,000. CoreFirst Bank & Trust bought a new position in Roper Technologies during the fourth quarter valued at about $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter valued at about $38,000. Finally, Parvin Asset Management LLC bought a new position in Roper Technologies during the fourth quarter valued at about $39,000. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the subject of several research reports. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer restated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank of Canada increased their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Raymond James restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Up 0.6%

Shares of Roper Technologies stock opened at $572.87 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $61.59 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.77 and a beta of 1.03. 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's 50-day moving average price is $562.95 and its 200-day moving average price is $557.92.

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 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%. During the same period in the prior year, the business earned $4.41 EPS. The business's revenue was up 12.0% on a year-over-year basis. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

About Roper Technologies

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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