Patton Albertson Miller Group LLC Sells 2,320 Shares of Roper Technologies, Inc. (NYSE:ROP)

Patton Albertson Miller Group LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,315 shares of the industrial products company's stock after selling 2,320 shares during the period. Patton Albertson Miller Group LLC's holdings in Roper Technologies were worth $6,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWA Asset Management Group LLC grew its position 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 valued at $453,000 after buying an additional 61 shares during the last quarter. Freedom Day Solutions LLC purchased a new stake in shares of Roper Technologies in the first quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. boosted its holdings in shares of 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 last quarter. Finally, Legacy Advisors LLC bought a new position in Roper Technologies during the first quarter valued at $264,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP opened at $546.35 on Friday. 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 business has a 50-day simple moving average of $566.15 and a two-hundred day simple moving average of $561.10. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. 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 is presently 23.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ROP shares. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.