First United Bank & Trust Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First United Bank & Trust reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 quarter.

Other hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC purchased a new position in Roper Technologies in the fourth quarter worth approximately $31,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $38,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ROP shares. Royal Bank of Canada raised their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Stock Performance

Shares of ROP stock opened at $569.56 on Thursday. The company has a 50 day moving average price of $563.01 and a 200 day moving average price of $558.27. The firm has a market capitalization of $61.24 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the prior year, the company earned $4.41 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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