Washington Trust Bank Sells 930 Shares of Roper Technologies, Inc. (NYSE:ROP)

Washington Trust Bank reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 55.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Oxford Financial Group LTD. LLC increased its holdings 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 purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC boosted its holdings in shares of 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 buying an additional 19 shares during the period. My Legacy Advisors LLC grew its stake 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 buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its holdings in Roper Technologies by 2.7% in 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 raised its holdings in Roper Technologies by 2.7% in the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research reports. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. 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. Robert W. Baird increased 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. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

ROP traded down $7.00 on Monday, hitting $566.00. 651,874 shares of the stock were exchanged, compared to its average volume of 550,741. The firm has a market capitalization of $60.85 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. 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 moving average of $568.37 and a two-hundred day moving average of $559.90.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating 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%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.41 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 8th. 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.