Pittenger & Anderson Inc. lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,373 shares of the industrial products company's stock after selling 2,473 shares during the period. Pittenger & Anderson Inc.'s holdings in Roper Technologies were worth $9,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Oxford Financial Group LTD. LLC raised its position in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its position in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares in the last quarter. My Legacy Advisors LLC raised its position in shares of Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after acquiring an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV raised its position in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after acquiring an additional 20 shares in the last quarter. Finally, Tritonpoint Wealth LLC raised its position in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
Roper Technologies Price Performance
Shares of Roper Technologies stock traded down $2.34 during trading on Friday, reaching $547.46. The company's stock had a trading volume of 742,977 shares, compared to its average volume of 558,191. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The business has a 50 day moving average price of $568.26 and a 200-day moving average price of $560.73.
Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping 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%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.41 EPS. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's payout ratio is 23.81%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on ROP shares. Royal Bank Of Canada raised 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. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $632.36.
Read Our Latest Stock Report on ROP
Roper Technologies Profile
(
Free Report)
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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