Novare Capital Management LLC Sells 651 Shares of Roper Technologies, Inc. (NYSE:ROP)

Novare Capital Management LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,094 shares of the industrial products company's stock after selling 651 shares during the quarter. Roper Technologies comprises approximately 1.9% of Novare Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Novare Capital Management LLC's holdings in Roper Technologies were worth $21,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies during the fourth quarter worth $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the first quarter valued at $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 1.2%

Shares of ROP stock traded up $6.77 during trading hours on Friday, hitting $572.85. 243,956 shares of the company were exchanged, compared to its average volume of 550,335. The firm has a market cap of $61.59 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. 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 company has a 50 day simple moving average of $568.37 and a two-hundred day simple moving average of $559.40.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the business posted $4.41 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROP shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada upped their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.