Roper Technologies, Inc. (NYSE:ROP) Position Decreased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the fourth quarter worth about $26,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the first quarter worth about $31,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Roper Technologies during the 1st quarter worth about $34,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on ROP. Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday, May 16th. William Blair began coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Royal Bank Of Canada upped 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. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price objective 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Trading Down 1.6%

Roper Technologies stock traded down $8.93 during trading on Thursday, reaching $549.71. The company had a trading volume of 780,244 shares, compared to its average volume of 555,885. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock's 50 day moving average price is $568.79 and its two-hundred day moving average price is $560.20. The firm has a market capitalization of $59.10 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last released 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 company earned $4.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend 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 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.