Roper Technologies, Inc. (NYSE:ROP) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,203 shares of the industrial products company's stock after selling 5,091 shares during the quarter. M&T Bank Corp's holdings in Roper Technologies were worth $17,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. boosted its position in Roper Technologies by 52.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 2,652 shares of the industrial products company's stock valued at $1,564,000 after acquiring an additional 907 shares in the last quarter. EULAV Asset Management boosted its position in Roper Technologies by 30.1% during the 1st quarter. EULAV Asset Management now owns 91,169 shares of the industrial products company's stock valued at $53,751,000 after acquiring an additional 21,100 shares in the last quarter. Fullcircle Wealth LLC boosted its position in Roper Technologies by 18.4% during the 1st quarter. Fullcircle Wealth LLC now owns 437 shares of the industrial products company's stock valued at $241,000 after acquiring an additional 68 shares in the last quarter. Callan Capital LLC boosted its position in Roper Technologies by 23.2% during the 1st quarter. Callan Capital LLC now owns 505 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 95 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Roper Technologies by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 310,038 shares of the industrial products company's stock valued at $182,792,000 after acquiring an additional 1,393 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $8.94 on Thursday, hitting $549.70. 483,548 shares of the company were exchanged, compared to its average volume of 611,837. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The company has a 50-day moving average price of $568.79 and a 200 day moving average price of $560.20. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 (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%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.41 EPS. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. 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. 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. Finally, Stifel Nicolaus lowered their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. 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 assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target 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.