Sigma Investment Counselors Inc. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Sigma Investment Counselors Inc. reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,022 shares of the industrial products company's stock after selling 802 shares during the period. Sigma Investment Counselors Inc.'s holdings in Roper Technologies were worth $7,678,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Oxford Financial Group LTD. LLC increased its holdings 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 worth $309,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its holdings 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 worth $1,221,000 after buying an additional 19 shares during the last quarter. My Legacy Advisors LLC increased its holdings 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 worth $751,000 after buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV increased its holdings in Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after buying an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC increased its holdings in Roper Technologies by 2.7% during the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

NYSE:ROP traded down $5.48 during mid-day trading on Wednesday, hitting $559.11. 273,602 shares of the stock traded hands, compared to its average volume of 551,227. The business's 50-day moving average price is $568.82 and its 200 day moving average price is $560.21. The company has a market cap of $60.11 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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 announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 last year, the firm earned $4.41 earnings per share. The company's revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued 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 0.59%. Roper Technologies's payout ratio is 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.