Nixon Peabody Trust Co. Sells 4,119 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nixon Peabody Trust Co. cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 83.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 801 shares of the industrial products company's stock after selling 4,119 shares during the period. Nixon Peabody Trust Co.'s holdings in Roper Technologies were worth $472,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Norges Bank acquired a new stake in Roper Technologies during the fourth quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. increased its position in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. GAMMA Investing LLC lifted its position in Roper Technologies by 103,901.5% during the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after purchasing an additional 1,113,824 shares during the period. JPMorgan Chase & Co. lifted its position in Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Roper Technologies in the 4th quarter valued at about $148,070,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 0.3%

Roper Technologies stock traded up $1.56 during trading hours on Thursday, reaching $569.57. 656,695 shares of the company's stock were exchanged, compared to its average volume of 548,564. The firm's 50 day simple moving average is $563.71 and its 200 day simple moving average is $557.60. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month 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. The firm has a market capitalization of $61.24 billion, a PE ratio of 39.72, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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%. During the same period in the prior year, the company earned $4.41 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. Research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. Finally, William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned 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, the company has a consensus rating of "Moderate Buy" and an average 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.