Roper Technologies, Inc. (NYSE:ROP) Stock Position Reduced by World Investment Advisors

World Investment Advisors lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,151 shares of the industrial products company’s stock after selling 98 shares during the period. World Investment Advisors’ holdings in Roper Technologies were worth $4,216,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Olde Wealth Management LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $31,000. IFM Investors Pty Ltd lifted its holdings in Roper Technologies by 11.5% during the 1st quarter. IFM Investors Pty Ltd now owns 20,882 shares of the industrial products company’s stock worth $11,620,000 after buying an additional 2,151 shares during the last quarter. GF Fund Management CO. LTD. lifted its holdings in Roper Technologies by 1.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 20,583 shares of the industrial products company’s stock worth $12,135,000 after buying an additional 261 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in Roper Technologies by 22.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,246 shares of the industrial products company’s stock worth $735,000 after buying an additional 225 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. Royal Bank Of Canada increased their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Oppenheimer reiterated an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Stifel Nicolaus dropped their price target 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 research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Stock Up 1.2%

ROP opened at $572.85 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 stock has a market cap of $61.59 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.77 and a beta of 1.02. The stock’s 50 day moving average price is $568.37 and its 200 day moving average price is $559.63.

Roper Technologies (NYSE:ROP) last posted its earnings results 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 return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the company posted $4.41 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. 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.