Roper Technologies, Inc. (NYSE:ROP) Shares Sold by LGT Group Foundation

LGT Group Foundation lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,719 shares of the industrial products company’s stock after selling 7,419 shares during the quarter. LGT Group Foundation’s holdings in Roper Technologies were worth $20,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Symphony Financial Ltd. Co. boosted its holdings in Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares in the last quarter. Western Financial Corp CA increased its holdings in Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after buying an additional 19 shares in the last quarter. AMG National Trust Bank raised its holdings in Roper Technologies by 5.1% during the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares during the last quarter. Legacy Private Trust Co. raised its stake in shares of Roper Technologies by 4.4% during the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after buying an additional 20 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Roper Technologies by 3.4% in the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies 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 directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the company’s 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 sale, the chief financial officer now 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. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $4.24 on Monday, reaching $552.00. 15,771 shares of the company’s stock were exchanged, compared to its average volume of 504,110. The firm has a market capitalization of $59.17 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The business’s 50-day moving average is $548.87 and its two-hundred day moving average is $544.91. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

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 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Analysts Set New Price Targets

Several analysts have commented on ROP shares. Oppenheimer lowered their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note 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 stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Finally, 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 report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

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.