Roper Technologies, Inc. (NYSE:ROP) Shares Sold by ORG Partners LLC

ORG Partners LLC reduced its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 72.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214 shares of the industrial products company's stock after selling 568 shares during the quarter. ORG Partners LLC's holdings in Roper Technologies were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in Roper Technologies by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock valued at $20,537,000 after purchasing an additional 917 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Roper Technologies during the fourth quarter valued at about $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in Roper Technologies during the first quarter valued at about $2,395,000. Assenagon Asset Management S.A. grew its position in Roper Technologies by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company's stock valued at $1,808,000 after acquiring an additional 30 shares during the period. Finally, Plato Investment Management Ltd grew its position in Roper Technologies by 41.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after acquiring an additional 1,182 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada boosted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer reissued an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Up 1.1%

Shares of ROP opened at $561.99 on Friday. The company has a market capitalization of $60.42 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.77 and a beta of 1.03. 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 50-day moving average price of $565.93 and a 200 day moving average price of $558.04.

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, beating 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%. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared 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 0.59%. 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.

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