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

M&T Bank Corp lessened 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 13F filing with the Securities and Exchange Commission. 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 reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $26,000. Olde Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $31,000. Wayfinding Financial LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 1.6%

NYSE ROP traded down $8.84 during trading hours on Thursday, hitting $549.80. 944,573 shares of the company's stock were exchanged, compared to its average volume of 556,335. The business's 50 day moving average is $568.79 and its 200-day moving average is $560.20. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market capitalization of $59.11 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.41 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid 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 dividend payout ratio (DPR) is currently 23.81%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus decreased 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. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Oppenheimer restated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies 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.