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

M&T Bank Corp lessened its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Other institutional investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC lifted its holdings in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after buying an additional 32,694 shares during the period. GAMMA Investing LLC increased its stake in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after buying an additional 819 shares during the period. Legacy Advisors LLC purchased a new position in Roper Technologies in the 1st quarter worth about $264,000. Finally, MBE Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter worth about $362,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 0.4%

Shares of ROP stock traded down $2.34 on Friday, hitting $547.46. 742,977 shares of the stock traded hands, compared to its average volume of 557,079. The firm's 50-day moving average price is $568.63 and its two-hundred day moving average price is $560.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $58.86 billion, a PE ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given 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 yield of 0.60%. Roper Technologies's payout ratio is currently 23.81%.

Analysts Set New Price Targets

Several research firms recently commented on ROP. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given 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.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average 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.