Roper Technologies, Inc. (NYSE:ROP) Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 24.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,974 shares of the industrial products company's stock after selling 17,165 shares during the quarter. Nisa Investment Advisors LLC's holdings in Roper Technologies were worth $31,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth about $26,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth about $31,000. Wayfinding Financial LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in Roper Technologies in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of several research analyst reports. 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. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus decreased their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Stock Performance

ROP stock traded down $8.84 on Thursday, reaching $549.80. The company's stock had a trading volume of 944,573 shares, compared to its average volume of 556,335. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company 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 firm has a fifty day moving average of $568.79 and a two-hundred day moving average of $560.20. 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 issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $4.41 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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 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 currently 23.81%.

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.