Roper Technologies, Inc. (NYSE:ROP) Stake Lowered by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,338 shares of the industrial products company's stock after selling 5,913 shares during the period. Robeco Schweiz AG's holdings in Roper Technologies were worth $30,857,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $26,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies in the first quarter worth $27,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter worth $31,000. Olde Wealth Management LLC bought a new stake in Roper Technologies in the first quarter worth $31,000. Finally, Wayfinding Financial LLC bought a new stake in Roper Technologies in the first quarter worth $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research analyst reports. 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 report on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of 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 price target on shares of Roper Technologies in a research report on Friday, May 16th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $549.80 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $59.11 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm's 50-day moving average price is $568.63 and its two-hundred day moving average price is $560.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the company earned $4.41 EPS. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid 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 currently 23.81%.

About Roper Technologies

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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.