Brown Advisory Inc. Has $20.24 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Brown Advisory Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWA Asset Management Group LLC increased its position in shares of Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares in the last quarter. Tandem Investment Advisors Inc. raised its holdings in shares of Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after acquiring an additional 32,694 shares during the period. GAMMA Investing LLC raised its holdings in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after acquiring an additional 819 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Roper Technologies during the first quarter valued at approximately $264,000. Finally, MBE Wealth Management LLC acquired a new stake in shares of Roper Technologies during the first quarter valued at approximately $362,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 1.6%

Shares of NYSE:ROP traded down $8.84 during trading on Thursday, hitting $549.80. 944,573 shares of the company's stock were exchanged, compared to its average volume of 555,886. 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 firm has a market cap of $59.11 billion, a P/E ratio of 38.34, a PEG ratio of 2.77 and a beta of 1.02. The firm has a 50-day moving average price of $568.79 and a two-hundred day moving average price of $560.20. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

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

Roper Technologies Dividend Announcement

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 $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ROP shares. Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Robert W. Baird boosted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target 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. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

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.