Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Boosted by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,299 shares of the industrial products company’s stock after acquiring an additional 19 shares during the period. Symphony Financial Ltd. Co.’s holdings in Roper Technologies were worth $728,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in shares of Roper Technologies during the first quarter worth about $27,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. VisionPoint Advisory Group LLC acquired a new stake in Roper Technologies in the fourth quarter worth about $32,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in Roper Technologies in the fourth quarter worth about $38,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

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

Roper Technologies Stock Up 0.3 %

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

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

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, July 8th. Roper Technologies’s payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

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

Roper Technologies 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.