Congress Asset Management Co. Sells 1,498 Shares of Roper Technologies, Inc. (NYSE:ROP)

Congress Asset Management Co. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 43.8% during the first quarter, HoldingsChannel.com reports. The fund owned 1,919 shares of the industrial products company’s stock after selling 1,498 shares during the quarter. Congress Asset Management Co.’s holdings in Roper Technologies were worth $1,132,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC boosted its position in Roper Technologies by 13.0% during the first quarter. Procyon Advisors LLC now owns 2,748 shares of the industrial products company’s stock valued at $1,620,000 after acquiring an additional 316 shares during the last quarter. Unique Wealth LLC bought a new position in shares of Roper Technologies during the 1st quarter worth about $308,000. Signal Advisors Wealth LLC boosted its position in shares of Roper Technologies by 23.7% during the 1st quarter. Signal Advisors Wealth LLC now owns 7,192 shares of the industrial products company’s stock worth $4,240,000 after purchasing an additional 1,376 shares in the last quarter. Retirement Planning Group LLC bought a new position in shares of Roper Technologies during the 1st quarter worth about $231,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Roper Technologies by 28.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $572.87 on Monday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $61.59 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm’s 50-day simple moving average is $562.95 and its 200 day simple moving average is $558.00.

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 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%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $4.41 earnings per share. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROP. Raymond James reissued 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 increased their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target 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.