Washington Trust Bank lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 55.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 759 shares of the industrial products company's stock after selling 930 shares during the period. Washington Trust Bank's holdings in Roper Technologies were worth $447,000 as of its most recent SEC filing.\n\nOther hedge funds and institutional investors also recently modified their holdings of the company. Oxford Financial Group LTD. LLC lifted its stake in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after acquiring an additional 19 shares in the last quarter. My Legacy Advisors LLC lifted its position in shares of Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after acquiring an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares in the last quarter. Finally, Tritonpoint Wealth LLC increased its position in shares of Roper Technologies by 2.7% during the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the period.\n\nInstitutional investors own 93.31% of the company's stock. Analysts Set New Price Targets: A number of brokerages recently commented on ROP. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an 'outperform' rating on the stock. Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an 'outperform' rating in a report on Tuesday, April 29th. Oppenheimer reissued an 'outperform' rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Barclays reissued an 'underweight' rating on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of 'Moderate Buy' and an average target price of $632.36.\n\nRoper Technologies Price Performance: Shares of traded down $1.41 during trading hours on Tuesday, hitting $564.59. The stock had a trading volume of 699,366 shares, compared to its average volume of 552,277. The company's fifty day moving average is $568.65 and its two-hundred day moving average is $560.18. 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 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 2.77 and a beta of 1.02.\n\nRoper Technologies, Inc. last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $4.41 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.\n\nRoper Technologies Dividend Announcement: The business also recently declared 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 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.\n\nAbout 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.

Washington Trust Bank Has $447,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Washington Trust Bank reduced its stake in Roper Technologies (ROP) by 55.1% in Q1, holding 759 shares worth $447,000. Other institutional investors adjusted their holdings, with Oxford Financial Group, Meridian Financial Partners, and others increasing their positions. Analysts set price targets, and Roper Technologies reported Q1 earnings per share of $4.78, exceeding expectations. The company also announced a quarterly dividend of $0.825 per share.