Bar Harbor Wealth Management Sells 19 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bar Harbor Wealth Management cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.9% during the first quarter, Holdings Channel.com reports. The firm owned 372 shares of the industrial products company’s stock after selling 19 shares during the period. Bar Harbor Wealth Management’s holdings in Roper Technologies were worth $219,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock valued at $5,497,467,000 after buying an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in 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 valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. Geode Capital Management LLC increased its holdings in Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock valued at $1,284,242,000 after buying an additional 29,184 shares during the period. Norges Bank purchased a new position in Roper Technologies during the fourth quarter valued at approximately $914,052,000. Finally, Invesco Ltd. increased its holdings in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock valued at $774,687,000 after buying an additional 31,531 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the topic of several research reports. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Barclays restated an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Stifel Nicolaus lowered their target price on shares of 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Price Performance

Shares of ROP opened at $560.75 on Friday. The firm has a market capitalization of $60.29 billion, a PE ratio of 39.10, 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 current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company’s fifty day moving average price is $564.63 and its 200-day moving average price is $558.36.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.41 EPS. On average, equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS 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 dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s dividend 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.