Welch & Forbes LLC Sells 619 Shares of Roper Technologies, Inc. (NYSE:ROP)

Welch & Forbes LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,706 shares of the industrial products company's stock after selling 619 shares during the quarter. Roper Technologies comprises approximately 1.5% of Welch & Forbes LLC's holdings, making the stock its 19th largest position. Welch & Forbes LLC owned 0.19% of Roper Technologies worth $117,743,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth $26,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies in the first quarter worth $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter worth $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC bought a new stake in Roper Technologies in the 1st quarter valued at $31,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus dropped their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Finally, Royal Bank Of Canada increased their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

NYSE:ROP traded up $0.95 during mid-day trading on Thursday, reaching $546.18. 288,657 shares of the company were exchanged, compared to its average volume of 558,742. The stock has a market cap of $58.72 billion, a PE ratio of 38.09, a PEG ratio of 2.77 and a beta of 1.02. 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 company has a fifty day moving average of $566.72 and a 200 day moving average of $560.91. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.41 earnings per share. On average, research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.825 dividend. 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 is currently 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.