Wesbanco Bank Inc. Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Wesbanco Bank Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,958 shares of the industrial products company’s stock after selling 49 shares during the period. Wesbanco Bank Inc.’s holdings in Roper Technologies were worth $1,744,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter valued at about $26,000. Putney Financial Group LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $31,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $38,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $39,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $573.08 on Tuesday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company’s 50 day moving average is $562.60 and its 200 day moving average is $558.09. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.61 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the firm posted $4.41 EPS. The company’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROP shares. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Raymond James restated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Finally, William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three 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 currently has an average rating of “Moderate Buy” and an average target price of $632.36.

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.