Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 674 shares of the industrial products company's stock after selling 980 shares during the period. Moloney Securities Asset Management LLC's holdings in Roper Technologies were worth $397,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its position in Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after buying an additional 29,184 shares in the last quarter. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter worth about $914,052,000. Finally, Invesco Ltd. boosted its holdings in shares of Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Roper Technologies stock traded down $2.34 during midday trading on Friday, reaching $547.46. The company had a trading volume of 742,977 shares, compared to its average volume of 557,561. The company has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm's fifty day simple moving average is $568.63 and its 200-day simple moving average is $560.37. 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 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 last year, the firm posted $4.41 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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 issued 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 0.60%. Roper Technologies's payout ratio is 23.81%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROP. Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their target price 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, Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.