Mn Services Vermogensbeheer B.V. Sells 2,900 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,045 shares of the industrial products company’s stock after selling 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Roper Technologies were worth $23,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at about $26,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter worth approximately $31,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. Parvin Asset Management LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $39,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of several research reports. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They set an “outperform” rating on the stock. Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Robert W. Baird boosted their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. One investment 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. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Price Performance

ROP opened at $560.75 on Monday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $60.29 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03. The firm’s fifty day moving average price is $564.63 and its two-hundred day moving average price is $558.28.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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%. During the same quarter in the previous year, the firm earned $4.41 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 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.