Roper Technologies, Inc. (NYSE:ROP) Stake Raised by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 58.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54 shares of the industrial products company’s stock after acquiring an additional 20 shares during the quarter. Versant Capital Management Inc’s holdings in Roper Technologies were worth $30,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roper Technologies in the second quarter worth about $266,000. DNB Asset Management AS raised its position in Roper Technologies by 7.2% in the second quarter. DNB Asset Management AS now owns 18,882 shares of the industrial products company’s stock worth $10,643,000 after acquiring an additional 1,271 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in Roper Technologies by 1.8% in the second quarter. Beese Fulmer Investment Management Inc. now owns 11,249 shares of the industrial products company’s stock worth $6,341,000 after acquiring an additional 202 shares in the last quarter. Moody National Bank Trust Division raised its position in Roper Technologies by 1.3% in the second quarter. Moody National Bank Trust Division now owns 2,092 shares of the industrial products company’s stock worth $1,179,000 after acquiring an additional 27 shares in the last quarter. Finally, First Financial Bank Trust Division raised its position in Roper Technologies by 1.3% in the second quarter. First Financial Bank Trust Division now owns 8,656 shares of the industrial products company’s stock worth $4,879,000 after acquiring an additional 115 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 1.5 %

ROP traded up $7.57 during midday trading on Wednesday, hitting $525.71. 68,427 shares of the company’s stock traded hands, compared to its average volume of 524,942. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market cap of $56.27 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. The stock’s fifty day simple moving average is $552.70 and its 200-day simple moving average is $545.54. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued 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 dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Activity

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were 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 in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The shares were 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 in the company, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies 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 completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,940 shares of company stock worth $2,214,019. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROP. Oppenheimer dropped 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. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note 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, Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four research 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 company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $604.33.

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.