Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 222,212 shares of the industrial products company's stock after selling 9,321 shares during the quarter. Roper Technologies accounts for approximately 1.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 28th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.21% of Roper Technologies worth $122,456,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in Roper Technologies in the first quarter valued at approximately $34,000. Putney Financial Group LLC acquired a new stake in Roper Technologies during the 4th quarter valued at approximately $31,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the fourth quarter worth $36,000. Finally, Parvin Asset Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research note on Friday, May 16th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 0.3%

ROP stock opened at $565.31 on Friday. The company's 50 day moving average price is $566.39 and its 200 day moving average price is $558.41. The firm 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, 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.

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, 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%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.41 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS 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. Stockholders of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's 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.

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