Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,022 shares of the industrial products company's stock after selling 802 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in Roper Technologies were worth $7,678,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. 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. Mizuho set a $600.00 price target on shares of Roper Technologies in a research note on Friday, May 16th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Down 0.4%

NYSE:ROP traded down $2.34 on Friday, reaching $547.46. 742,977 shares of the company's stock were exchanged, compared to its average volume of 557,561. The firm has a market capitalization of $58.86 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week 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. The business has a fifty day moving average of $568.26 and a 200-day moving average of $560.51.

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

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's payout ratio is 23.81%.

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.