Robeco Institutional Asset Management B.V. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Robeco Institutional Asset Management B.V. cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,698 shares of the industrial products company's stock after selling 6,531 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Roper Technologies worth $86,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new position in Roper Technologies in the fourth quarter worth approximately $31,000. Alpine Bank Wealth Management purchased a new stake in Roper Technologies during the first quarter worth $34,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies during the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management bought a new position in shares of Roper Technologies in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.3%

Shares of ROP opened at $565.31 on Friday. The stock has a 50 day moving average price of $566.39 and a 200 day moving average price of $558.41. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 stock has a market capitalization of $60.78 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed 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 yield of 0.58%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is presently 23.81%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. Finally, William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

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.

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