Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Nisa Investment Advisors LLC

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its holdings in Roper Technologies by 8.6% during the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after purchasing an additional 61 shares in the last quarter. Tandem Investment Advisors Inc. raised its position in shares of Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after buying an additional 32,694 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after buying an additional 819 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at about $264,000. Finally, MBE Wealth Management LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at about $362,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ROP shares. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Down 0.2%

ROP stock traded down $1.20 during midday trading on Friday, hitting $548.61. 316,792 shares of the company's stock were exchanged, compared to its average volume of 555,432. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business has a 50-day simple moving average of $568.63 and a two-hundred day simple moving average of $560.37. The stock has a market capitalization of $58.98 billion, a PE ratio of 38.26, a P/E/G ratio of 2.77 and a beta of 1.02. The company has a current ratio of 0.40, a quick ratio of 0.37 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, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $4.41 earnings per share. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors 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 yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Roper Technologies 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.