Raymond James & Associates Has $124.32 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Raymond James & Associates lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 220,555 shares of the industrial products company’s stock after buying an additional 4,387 shares during the period. Raymond James & Associates’ holdings in Roper Technologies were worth $124,318,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies in the 1st quarter worth about $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies in the 1st quarter worth about $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the 1st quarter worth about $29,000. Versant Capital Management Inc raised its position in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in Roper Technologies in the 4th quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Mizuho boosted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $607.50.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Roper Technologies 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 transaction of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was 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 directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,940 shares of company stock worth $2,214,019. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $548.50 on Monday. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The stock’s 50 day moving average price is $550.94 and its 200-day moving average price is $544.32. The company has a market capitalization of $58.71 billion, a PE ratio of 39.80, a PEG ratio of 2.77 and a beta of 1.02. 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 announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. 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 0.55%. Roper Technologies’s payout ratio is presently 21.77%.

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.