Kintegral Advisory LLC Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Kintegral Advisory LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 927 shares of the industrial products company's stock after selling 454 shares during the period. Kintegral Advisory LLC's holdings in Roper Technologies were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFM Investors Pty Ltd grew its position in Roper Technologies by 11.5% in the first quarter. IFM Investors Pty Ltd now owns 20,882 shares of the industrial products company's stock valued at $11,620,000 after acquiring an additional 2,151 shares during the last quarter. GF Fund Management CO. LTD. boosted its stake in shares of Roper Technologies by 1.3% during the first quarter. GF Fund Management CO. LTD. now owns 20,583 shares of the industrial products company's stock valued at $12,135,000 after purchasing an additional 261 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Roper Technologies by 22.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,246 shares of the industrial products company's stock worth $735,000 after buying an additional 225 shares during the period. Silver Oak Securities Incorporated boosted its position in Roper Technologies by 19.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,248 shares of the industrial products company's stock worth $727,000 after buying an additional 205 shares during the period. Finally, Palisade Capital Management LP boosted its position in Roper Technologies by 3.1% during the 1st quarter. Palisade Capital Management LP now owns 41,368 shares of the industrial products company's stock worth $24,390,000 after buying an additional 1,233 shares during the period. Institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROP. Royal Bank Of Canada boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Down 0.8%

ROP stock traded down $4.55 during trading on Monday, reaching $568.45. The stock had a trading volume of 297,368 shares, compared to its average volume of 549,389. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 company's 50 day moving average is $568.37 and its two-hundred day moving average is $559.90. The company has a market capitalization of $61.12 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 2.77 and a beta of 1.02.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 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.