Washington Trust Bank Has $447,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Washington Trust Bank decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 759 shares of the industrial products company's stock after selling 930 shares during the quarter. Washington Trust Bank's holdings in Roper Technologies were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC boosted its position in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after buying an additional 61 shares during the period. Tandem Investment Advisors Inc. lifted its holdings in shares of Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after purchasing an additional 32,694 shares during the period. GAMMA Investing LLC increased its holdings in Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares during the period. Legacy Advisors LLC bought a new position in Roper Technologies during the 1st quarter worth $264,000. Finally, MBE Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth about $362,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROP. 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. Stifel Nicolaus dropped 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. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird lifted their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Up 1.2%

Roper Technologies stock opened at $572.85 on Monday. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The firm's fifty day moving average price is $568.37 and its two-hundred day moving average price is $559.90. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year 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 quarterly earnings data 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 net margin of 22.01% and a return on equity of 10.79%. The firm's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.41 earnings per share. On average, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 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.

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