Union Bancaire Privee UBP SA Sells 3,953 Shares of Roper Technologies, Inc. (NYSE:ROP)

Union Bancaire Privee UBP SA cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,933 shares of the industrial products company's stock after selling 3,953 shares during the period. Roper Technologies comprises approximately 1.7% of Union Bancaire Privee UBP SA's portfolio, making the stock its 17th largest position. Union Bancaire Privee UBP SA owned about 0.12% of Roper Technologies worth $75,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its position in Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after buying an additional 18 shares during the period. Oxford Financial Group LTD. LLC boosted its position in Roper Technologies by 3.1% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC boosted its position in Roper Technologies by 0.9% during the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after buying an additional 19 shares during the period. My Legacy Advisors LLC boosted its position in Roper Technologies by 1.5% during the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the period. Finally, Principal Securities Inc. boosted its position in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Stifel Nicolaus lowered 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 note on Tuesday, April 29th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research note on Friday, May 16th. Finally, 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 note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Down 2.0%

ROP stock traded down $11.28 during trading on Friday, reaching $560.75. The company had a trading volume of 436,797 shares, compared to its average volume of 548,650. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a market cap of $60.29 billion, a P/E ratio of 39.10, a PEG ratio of 2.77 and a beta of 1.03. The business has a 50 day moving average of $564.63 and a 200 day moving average of $558.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company earned $4.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Investors of record on Tuesday, July 8th will be paid 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 payout ratio 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.