Roper Technologies, Inc. (NYSE:ROP) Shares Sold by First United Bank & Trust

First United Bank & Trust lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,318 shares of the industrial products company’s stock after selling 60 shares during the period. First United Bank & Trust’s holdings in Roper Technologies were worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Roper Technologies by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock valued at $20,537,000 after buying an additional 917 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in Roper Technologies during the 1st quarter valued at $2,395,000. Plato Investment Management Ltd lifted its holdings in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company’s stock worth $2,106,000 after purchasing an additional 1,182 shares during the period. Finally, Vise Technologies Inc. boosted its holdings in shares of Roper Technologies by 192.6% in the fourth quarter. Vise Technologies Inc. now owns 1,592 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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 research note on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an “outperform” rating for the company. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Stifel Nicolaus decreased their price objective 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. One 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 stock has an average rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Stock Performance

Shares of ROP opened at $569.56 on Thursday. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 company has a market cap 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. The firm has a 50-day moving average of $563.01 and a 200-day moving average of $558.27.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $4.41 EPS. The company’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is presently 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.