Roper Technologies, Inc. (NYSE:ROP) Shares Sold by First Pacific Financial

First Pacific Financial trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 12.5% in the first quarter, HoldingsChannel.com reports. The firm owned 1,727 shares of the industrial products company’s stock after selling 246 shares during the quarter. First Pacific Financial’s holdings in Roper Technologies were worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter worth about $26,000. Putney Financial Group LLC acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $31,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter worth approximately $38,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Roper Technologies in the 4th quarter worth $39,000. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROP shares. Oppenheimer restated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Raymond James Financial reiterated a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies Price Performance

NYSE:ROP opened at $571.02 on Wednesday. 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 one year low of $499.47 and a one year high of $595.17. The company has a fifty day moving average price of $566.02 and a 200 day moving average price of $558.23. The stock has a market cap of $61.39 billion, a P/E ratio of 39.82, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is 23.81%.

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.