Wealth Enhancement Advisory Services LLC Sells 539 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wealth Enhancement Advisory Services LLC cut its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,179 shares of the industrial products company's stock after selling 539 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Roper Technologies were worth $8,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. JPMorgan Chase & Co. grew its holdings in Roper Technologies by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after purchasing an additional 45,947 shares during the period. Brighton Jones LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth $203,000. Union Bancaire Privee UBP SA acquired a new position in shares of Roper Technologies during the fourth quarter worth $69,382,000. China Universal Asset Management Co. Ltd. raised its holdings in Roper Technologies by 28.3% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 1,745 shares of the industrial products company's stock valued at $907,000 after acquiring an additional 385 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Roper Technologies by 1.2% in the fourth quarter. DAVENPORT & Co LLC now owns 2,637 shares of the industrial products company's stock valued at $1,371,000 after acquiring an additional 32 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ROP shares. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Robert W. Baird upped their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Up 0.1%

Shares of ROP traded up $0.37 on Thursday, hitting $568.38. The company's stock had a trading volume of 64,355 shares, compared to its average volume of 546,339. 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 firm's fifty day moving average price is $563.71 and its 200-day moving average price is $557.60. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $61.11 billion, a price-to-earnings ratio of 39.63, a P/E/G ratio of 2.77 and a beta of 1.08.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid 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 was Friday, April 4th. 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.