Janney Montgomery Scott LLC Sells 917 Shares of Roper Technologies, Inc. (NYSE:ROP)

Janney Montgomery Scott LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,010 shares of the industrial products company's stock after selling 917 shares during the quarter. Janney Montgomery Scott LLC's holdings in Roper Technologies were worth $14,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at about $31,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the fourth quarter valued at about $38,000. Finally, Parvin Asset Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at about $39,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.2%

Shares of Roper Technologies stock opened at $555.75 on Friday. The company has a market capitalization of $59.75 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 2.77 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm's 50-day moving average price is $565.90 and its two-hundred day moving average price is $558.19.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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%. Roper Technologies's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.41 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's payout ratio is currently 23.81%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus lowered their price target 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. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair assumed coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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