Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,634 shares of the industrial products company's stock after selling 563 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Roper Technologies worth $51,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in Roper Technologies in the fourth quarter valued at $203,000. Proficio Capital Partners LLC raised its position in Roper Technologies by 14.2% in the 4th quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock worth $280,000 after buying an additional 67 shares during the last quarter. Advisors Asset Management Inc. raised its position in Roper Technologies by 21.0% in the 4th quarter. Advisors Asset Management Inc. now owns 4,885 shares of the industrial products company's stock worth $2,539,000 after buying an additional 849 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Roper Technologies in the 4th quarter worth about $1,380,000. Finally, VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the 4th quarter worth about $26,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROP. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Oppenheimer restated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have given 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, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Price Performance

Shares of ROP traded up $2.86 during trading hours on Monday, hitting $547.65. 329,733 shares of the stock were exchanged, compared to its average volume of 559,515. 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 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $58.88 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The stock's 50-day moving average price is $565.64 and its two-hundred day moving average price is $561.89.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the firm posted $4.48 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. Research analysts expect 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. 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 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) 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.