Brown Advisory Inc. Sells 5,087 Shares of Roper Technologies, Inc. (NYSE:ROP)

Brown Advisory Inc. decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 34,332 shares of the industrial products company's stock after selling 5,087 shares during the period. Brown Advisory Inc.'s holdings in Roper Technologies were worth $20,241,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ROP. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the first quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the 4th quarter valued at $26,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter worth about $31,000. Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $31,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Roper Technologies in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE ROP traded down $2.34 during mid-day trading on Friday, reaching $547.46. 742,977 shares of the company were exchanged, compared to its average volume of 557,561. The stock has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.77 and a beta of 1.02. 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 company's 50-day simple moving average is $568.26 and its 200-day simple moving average is $560.51. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $4.41 earnings per share. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is 23.81%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROP. Royal Bank Of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price target 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 research analyst has rated the stock with a sell rating, two have given 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.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

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.