Villere ST Denis J & Co. LLC Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Villere ST Denis J & Co. LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,340 shares of the industrial products company's stock after selling 842 shares during the period. Roper Technologies makes up about 3.7% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 4th biggest holding. Villere ST Denis J & Co. LLC owned approximately 0.06% of Roper Technologies worth $38,523,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROP. Oxford Financial Group LTD. LLC raised its position in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC increased its stake in Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares during the period. My Legacy Advisors LLC raised its holdings in Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC grew its holdings in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Robert W. Baird upped 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. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One 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 stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of ROP opened at $563.51 on Friday. 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 stock has a market cap of $60.59 billion, a PE ratio of 39.30, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business has a 50-day simple moving average of $566.52 and a two-hundred day simple moving average of $558.51.

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, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 earnings per share. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

About Roper Technologies

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.

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