Lincoln Capital LLC Sells 118 Shares of Roper Technologies, Inc. (NYSE:ROP)

Lincoln Capital LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,551 shares of the industrial products company’s stock after selling 118 shares during the quarter. Roper Technologies accounts for approximately 1.8% of Lincoln Capital LLC’s portfolio, making the stock its 14th largest position. Lincoln Capital LLC’s holdings in Roper Technologies were worth $8,161,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the 1st quarter worth about $27,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies in the fourth quarter worth approximately $31,000. Wetzel Investment Advisors Inc. bought a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. VisionPoint Advisory Group LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth approximately $32,000. Finally, Grayhawk Investment Strategies Inc. bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $38,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Mizuho lifted their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada lowered their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.1 %

Shares of ROP traded up $6.42 during trading hours on Friday, reaching $568.48. 59,243 shares of the company traded hands, compared to its average volume of 514,422. Roper Technologies, Inc. has a 12 month low of $470.27 and a 12 month high of $569.49. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $538.79 and its two-hundred day moving average price is $542.31. The company has a market capitalization of $60.85 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business earned $3.90 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.