Keybank National Association OH Sells 4,833 Shares of Roper Technologies, Inc. (NYSE:ROP)

Keybank National Association OH cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,616 shares of the industrial products company's stock after selling 4,833 shares during the quarter. Keybank National Association OH owned 0.08% of Roper Technologies worth $53,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rossby Financial LCC purchased a new position in shares of Roper Technologies in the first quarter valued at $83,000. Phraction Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $528,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Roper Technologies by 6.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,731 shares of the industrial products company's stock valued at $8,685,000 after purchasing an additional 936 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $218,000. Finally, Elevate Capital Advisors LLC grew its holdings in shares of Roper Technologies by 4.3% in the first quarter. Elevate Capital Advisors LLC now owns 3,015 shares of the industrial products company's stock valued at $1,778,000 after purchasing an additional 123 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 1.2%

Shares of NYSE:ROP traded up $6.77 on Thursday, hitting $572.85. 243,956 shares of the company's stock were exchanged, compared to its average volume of 549,432. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market capitalization of $61.59 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The business's 50 day simple moving average is $568.06 and its two-hundred day simple moving average is $559.16. 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 (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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 business earned $4.41 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders 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 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Robert W. Baird raised 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. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies 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.