Simmons Bank Decreases Stake in Roper Technologies, Inc. (NYSE:ROP)

Simmons Bank lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 74.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,339 shares of the industrial products company's stock after selling 3,805 shares during the period. Simmons Bank's holdings in Roper Technologies were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its position in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares in the last quarter. Tandem Investment Advisors Inc. boosted its position in Roper Technologies by 49.9% in 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 buying an additional 32,694 shares in the last quarter. GAMMA Investing LLC raised its stake 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 last quarter. Legacy Advisors LLC bought a new position in Roper Technologies during the first quarter worth $264,000. Finally, MBE Wealth Management LLC bought a new position in Roper Technologies during the first quarter worth $362,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.1%

ROP stock traded down $6.05 during mid-day trading on Wednesday, reaching $558.54. 691,716 shares of the stock traded hands, compared to its average volume of 553,510. 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, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a market capitalization of $60.05 billion, a PE ratio of 38.95, a PEG ratio of 2.77 and a beta of 1.02. The business has a 50-day moving average price of $568.82 and a two-hundred day moving average price of $560.21.

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, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.41 earnings per share. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's payout ratio is 23.81%.

Wall Street Analyst Weigh In

ROP has been the subject of several research analyst reports. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. 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 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 report on Monday, April 28th. Finally, Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

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.