Donaldson Capital Management LLC Sells 106 Shares of Roper Technologies, Inc. (NYSE:ROP)

Donaldson Capital Management LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343 shares of the industrial products company’s stock after selling 106 shares during the quarter. Donaldson Capital Management LLC’s holdings in Roper Technologies were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Roper Technologies in the fourth quarter worth $914,052,000. T. Rowe Price Investment Management Inc. increased its stake 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 holdings in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company’s stock valued at $657,320,000 after purchasing an additional 1,113,824 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after acquiring an additional 360,632 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Roper Technologies during the fourth quarter worth $148,070,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. William Blair initiated coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Oppenheimer reiterated an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Finally, Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Trading Down 0.5%

NYSE ROP opened at $569.56 on Thursday. 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 business’s 50-day moving average price is $563.01 and its two-hundred day moving average price is $558.27. The firm has a market capitalization of $61.24 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 quarter last year, the firm posted $4.41 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is 23.81%.

About Roper Technologies

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.