Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 340 shares of the industrial products company’s stock after selling 101 shares during the quarter. Sentry Investment Management LLC’s holdings in Roper Technologies were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after purchasing an additional 29,184 shares during the period. Norges Bank acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $914,052,000. Finally, Invesco Ltd. lifted its holdings in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock worth $774,687,000 after purchasing an additional 31,531 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.2%

Roper Technologies stock opened at $567.87 on Wednesday. The stock has a market capitalization of $61.05 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. 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 $564.00 and a 200-day simple moving average of $557.53. 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 (NYSE:ROP) last posted 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%. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 earnings per share. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer reiterated an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

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.