Boomfish Wealth Group LLC Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

Boomfish Wealth Group LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,341 shares of the industrial products company’s stock after purchasing an additional 32 shares during the period. Boomfish Wealth Group LLC’s holdings in Roper Technologies were worth $1,320,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after buying an additional 125,387 shares during the period. Principal Financial Group Inc. grew its position in shares of Roper Technologies by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock valued at $1,447,927,000 after acquiring an additional 61,756 shares during the period. Norges Bank purchased a new stake in shares of Roper Technologies in the 4th quarter worth $756,176,000. Bank of New York Mellon Corp raised its holdings in Roper Technologies by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after purchasing an additional 68,957 shares during the period. Finally, Corient Private Wealth LLC lifted its position in Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after purchasing an additional 211,967 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $1.93 during trading on Friday, reaching $548.50. 389,768 shares of the stock traded hands, compared to its average volume of 587,921. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. 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 business has a fifty day simple moving average of $550.94 and a two-hundred day simple moving average of $544.27. The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Sell-side analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Roper Technologies 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 transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Wright sold 300 shares of the 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 sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock worth $2,214,019 over the last 90 days. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho lifted 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. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $607.50.

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.