Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Kintegral Advisory LLC

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the first quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the fourth quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new position in Roper Technologies in the first quarter valued at about $34,000. Putney Financial Group LLC purchased a new position in Roper Technologies in the fourth quarter valued at about $31,000. Finally, CoreFirst Bank & Trust purchased a new position in Roper Technologies in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 1.2%

Roper Technologies stock traded up $6.77 during midday trading on Friday, hitting $572.85. The stock had a trading volume of 243,956 shares, compared to its average volume of 550,335. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock 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 12 month low of $499.47 and a 12 month high of $595.17. The business has a fifty day moving average price of $568.37 and a 200 day moving average price of $559.63.

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

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented 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. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada lifted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.