River Street Advisors LLC Has $439,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

River Street Advisors LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 782 shares of the industrial products company’s stock after purchasing an additional 111 shares during the period. River Street Advisors LLC’s holdings in Roper Technologies were worth $439,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Symphony Financial Ltd. Co. raised its stake in shares of Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 19 shares during the period. Beaumont Financial Advisors LLC raised its stake in shares of Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 20 shares during the period. Legacy Private Trust Co. raised its stake in shares of Roper Technologies by 4.4% during the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 20 shares during the period. My Legacy Advisors LLC raised its stake in shares of Roper Technologies by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 22 shares during the period. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Roper Technologies by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 22 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $1.60 during midday trading on Friday, hitting $563.66. 742,921 shares of the company’s stock were exchanged, compared to its average volume of 474,496. Roper Technologies, Inc. has a 12-month low of $470.27 and a 12-month high of $569.49. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a market cap of $60.33 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 2.95 and a beta of 1.01. The business’s fifty day moving average price is $540.08 and its two-hundred day moving average price is $542.60.

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

Roper Technologies Announces Dividend

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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the company’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 completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roper Technologies 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 completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.