Kintegral Advisory LLC Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Kintegral Advisory LLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464 shares of the industrial products company’s stock after buying an additional 47 shares during the quarter. Kintegral Advisory LLC’s holdings in Roper Technologies were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. Vanguard Group Inc. increased its holdings in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after acquiring an additional 125,387 shares during the last quarter. Principal Financial Group Inc. boosted 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 last quarter. Norges Bank bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $756,176,000. Bank of New York Mellon Corp increased its position in Roper Technologies by 5.5% in the first 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 last quarter. Finally, Corient Private Wealth LLC raised its stake 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. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, 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 value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock valued at $2,214,019 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays upped their price target 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. Royal Bank of Canada boosted their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Stock Performance

ROP stock opened at $550.33 on Thursday. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The firm has a market cap of $58.91 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a 50-day simple moving average of $550.13 and a two-hundred day simple moving average of $544.39.

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

Roper Technologies Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.