Comerica Bank Has $26.08 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Comerica Bank lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 46,507 shares of the industrial products company’s stock after selling 1,846 shares during the quarter. Comerica Bank’s holdings in Roper Technologies were worth $26,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Group Foundation lifted its position in shares of Roper Technologies by 4.9% in the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock worth $21,288,000 after buying an additional 1,804 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Roper Technologies by 236.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 5,789 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its position in shares of Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after purchasing an additional 3,500 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $5.30 during trading hours on Thursday, hitting $539.45. The company had a trading volume of 159,259 shares, compared to its average volume of 521,463. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The firm has a market capitalization of $57.74 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.86 and a beta of 1.02. The firm’s fifty day moving average is $553.71 and its 200 day moving average is $545.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction 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 approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock worth $2,214,019 in the last three months. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ROP. Barclays boosted their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Oppenheimer lowered their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price target on Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $604.33.

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.