Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 127 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 5.8% during the first quarter, HoldingsChannel.com reports. The fund owned 2,073 shares of the industrial products company’s stock after selling 127 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Roper Technologies were worth $1,222,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the first quarter worth $27,000. Putney Financial Group LLC bought a new stake in Roper Technologies during the fourth quarter valued at $31,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the first quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the first quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ROP shares. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating for the company. Robert W. Baird upped their price objective 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. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Price Performance

NYSE:ROP traded up $0.51 during trading hours on Friday, hitting $546.86. The stock had a trading volume of 63,016 shares, compared to its average volume of 556,883. The company has a 50 day simple moving average of $566.15 and a two-hundred day simple moving average of $561.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly 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 net margin of 22.01% and a return on equity of 10.79%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.41 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors 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 yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s payout ratio is currently 23.81%.

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.