Farmers & Merchants Investments Inc. Sells 102 Shares of Roper Technologies, Inc. (NYSE:ROP)

Farmers & Merchants Investments Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,284 shares of the industrial products company’s stock after selling 102 shares during the period. Roper Technologies accounts for 0.8% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 28th biggest position. Farmers & Merchants Investments Inc.’s holdings in Roper Technologies were worth $24,340,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Roper Technologies by 42.2% during the 4th 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 purchasing an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Roper Technologies by 1.2% during the 4th 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 purchasing an additional 29,184 shares in the last quarter. Norges Bank bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $914,052,000. Finally, Invesco Ltd. boosted its stake in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock valued at $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 2.0%

Shares of Roper Technologies stock opened at $560.75 on Friday. 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 firm’s 50-day moving average is $564.63 and its two-hundred day moving average is $558.36. The stock has a market cap of $60.29 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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%. During the same period in the previous year, the company posted $4.41 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal 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 paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research reports. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

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.