Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,301 shares of the industrial products company’s stock after selling 28 shares during the quarter. Triangle Securities Wealth Management’s holdings in Roper Technologies were worth $1,357,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock valued at $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank acquired a new stake in shares of Roper Technologies in the 4th quarter worth $914,052,000. Finally, Invesco Ltd. increased its stake in shares of Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock worth $774,687,000 after acquiring an additional 31,531 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $567.87 on Wednesday. The business has a 50-day moving average of $564.00 and a 200 day moving average of $557.53. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market capitalization of $61.05 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. 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 announced its earnings results 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 revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.41 earnings per share. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.81%.

Analyst Ratings Changes

ROP has been the subject of a number of recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Royal Bank of Canada increased their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Company 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.