Roper Technologies, Inc. (NYSE:ROP) Shares Sold by World Equity Group Inc.

World Equity Group Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 40.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 600 shares of the industrial products company’s stock after selling 400 shares during the period. World Equity Group Inc.’s holdings in Roper Technologies were worth $354,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth approximately $203,000. Union Bancaire Privee UBP SA acquired a new stake in Roper Technologies during the 4th quarter worth $69,382,000. D.A. Davidson & CO. grew its holdings in shares of Roper Technologies by 19.1% during the fourth quarter. D.A. Davidson & CO. now owns 1,772 shares of the industrial products company’s stock worth $921,000 after buying an additional 284 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Roper Technologies by 13.5% in the fourth quarter. Global Retirement Partners LLC now owns 562 shares of the industrial products company’s stock valued at $292,000 after buying an additional 67 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of Roper Technologies by 8.3% in the fourth quarter. Handelsbanken Fonder AB now owns 37,656 shares of the industrial products company’s stock worth $19,575,000 after buying an additional 2,900 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ROP shares. Oppenheimer reaffirmed an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Barclays restated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James Financial reiterated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada boosted 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. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Price Performance

Shares of ROP opened at $561.99 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a 50-day simple moving average of $565.93 and a 200-day simple moving average of $558.04. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $4.41 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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