Robeco Schweiz AG Sells 5,913 Shares of Roper Technologies, Inc. (NYSE:ROP)

Robeco Schweiz AG reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,338 shares of the industrial products company's stock after selling 5,913 shares during the quarter. Robeco Schweiz AG's holdings in Roper Technologies were worth $30,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after buying an additional 72,503 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $914,052,000. Finally, Invesco Ltd. boosted its position in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after acquiring an additional 31,531 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ROP. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Down 0.4%

ROP traded down $2.34 during trading on Friday, reaching $547.46. The company had a trading volume of 742,977 shares, compared to its average volume of 557,561. The stock has a market cap of $58.86 billion, a P/E ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02. The business has a 50 day simple moving average of $568.63 and a 200-day simple moving average of $560.37. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. 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 (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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%. During the same quarter in the prior year, the business earned $4.41 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

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.