Pinion Investment Advisors LLC Sells 24 Shares of Roper Technologies, Inc. (NYSE:ROP)

Pinion Investment Advisors LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 821 shares of the industrial products company’s stock after selling 24 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Roper Technologies were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 103,901.5% during the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company’s stock worth $657,320,000 after purchasing an additional 1,113,824 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after purchasing an additional 360,632 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Roper Technologies in the fourth quarter valued at approximately $148,070,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $560.75 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a 50-day moving average of $564.63 and a 200-day moving average of $558.32. 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 cap of $60.29 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Oppenheimer restated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Finally, Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus 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.