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

Keybank National Association OH decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,616 shares of the industrial products company's stock after selling 4,833 shares during the period. Keybank National Association OH owned 0.08% of Roper Technologies worth $53,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Brighton Jones LLC acquired a new position in Roper Technologies in the fourth quarter worth approximately $203,000. SVB Wealth LLC acquired a new position in Roper Technologies in the fourth quarter worth approximately $551,000. Smartleaf Asset Management LLC grew its position in Roper Technologies by 18.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 911 shares of the industrial products company's stock worth $474,000 after buying an additional 141 shares during the last quarter. Jones Financial Companies Lllp grew its position in Roper Technologies by 33.0% in the fourth quarter. Jones Financial Companies Lllp now owns 14,177 shares of the industrial products company's stock worth $7,370,000 after buying an additional 3,515 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Roper Technologies in the fourth quarter worth approximately $55,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 1.2%

Shares of Roper Technologies stock traded up $6.77 on Friday, hitting $572.85. 243,956 shares of the company traded hands, compared to its average volume of 550,335. The company has a 50-day moving average price of $568.37 and a 200 day moving average price of $559.63. 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 company has a market cap of $61.59 billion, a PE ratio of 39.95, a PEG ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $4.41 EPS. The business's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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 issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ROP shares. Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Finally, William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.