Sigma Investment Counselors Inc. Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Sigma Investment Counselors Inc. reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% in the first quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oxford Financial Group LTD. LLC raised its holdings in shares of 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 purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 0.9% in 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 in the last quarter. My Legacy Advisors LLC increased its holdings in Roper Technologies by 1.5% in 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 in the last quarter. Smith Shellnut Wilson LLC ADV grew its position in shares of Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC boosted its position 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 acquiring an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in 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 stock an "outperform" rating in a research report on Tuesday, April 29th. Robert W. Baird boosted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus decreased their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Stock Performance

ROP stock traded down $5.95 during midday trading on Wednesday, hitting $558.64. The stock had a trading volume of 861,761 shares, compared to its average volume of 554,330. The firm has a market capitalization of $60.06 billion, a price-to-earnings ratio of 38.96, a P/E/G ratio of 2.77 and a beta of 1.02. The stock has a 50-day simple moving average of $568.82 and a 200 day simple moving average of $560.21. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its 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 return on equity of 10.79% and a net margin of 22.01%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.41 EPS. As a group, equities research analysts anticipate 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 of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's payout ratio is 23.81%.

Roper Technologies 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.