Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,999 shares of the industrial products company's stock after selling 11,103 shares during the quarter. Roper Technologies makes up about 2.0% of Mar Vista Investment Partners LLC's portfolio, making the stock its 29th biggest position. Mar Vista Investment Partners LLC's holdings in Roper Technologies were worth $24,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. Brighton Jones LLC purchased a new position in Roper Technologies in the 4th quarter worth $203,000. Proficio Capital Partners LLC raised its stake in Roper Technologies by 14.2% in the 4th quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock worth $280,000 after acquiring an additional 67 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Roper Technologies by 1.9% during the 4th quarter. Citizens Financial Group Inc. RI now owns 1,674 shares of the industrial products company's stock valued at $870,000 after buying an additional 31 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Roper Technologies by 23.9% during the 4th quarter. HighTower Advisors LLC now owns 35,576 shares of the industrial products company's stock valued at $18,494,000 after buying an additional 6,874 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Roper Technologies by 8.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the industrial products company's stock valued at $456,000 after buying an additional 66 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.4%

ROP traded down $2.34 on Friday, reaching $547.46. The company's stock had a trading volume of 742,977 shares, compared to its average volume of 557,561. The stock has a market cap of $58.86 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business's 50 day moving average is $568.63 and its 200 day moving average is $560.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates 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 firm posted $4.41 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROP shares. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada lifted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

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.