Moody National Bank Trust Division Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Moody National Bank Trust Division lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,092 shares of the industrial products company’s stock after purchasing an additional 27 shares during the period. Moody National Bank Trust Division’s holdings in Roper Technologies were worth $1,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Roper Technologies in the 4th quarter worth $756,176,000. Mackenzie Financial Corp boosted its holdings in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. First Trust Advisors LP boosted its holdings in Roper Technologies by 149.7% in the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after buying an additional 220,006 shares during the period. Corient Private Wealth LLC boosted its holdings in Roper Technologies by 32.8% in the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after buying an additional 211,967 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Roper Technologies by 134.5% during the 4th quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after purchasing an additional 156,468 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $18.50 on Monday, hitting $517.53. 934,438 shares of the company were exchanged, compared to its average volume of 527,591. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The stock’s 50 day moving average price is $553.54 and its 200 day moving average price is $545.92. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $55.40 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 2.85 and a beta of 1.02.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s payout ratio is currently 21.77%.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction 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 directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,940 shares of company stock worth $2,214,019. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Mizuho increased their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $604.33.

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.