Caprock Group LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Caprock Group LLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 31.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,928 shares of the industrial products company’s stock after purchasing an additional 705 shares during the quarter. Caprock Group LLC’s holdings in Roper Technologies were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Certuity LLC raised its position in Roper Technologies by 400.4% in the second quarter. Certuity LLC now owns 3,353 shares of the industrial products company’s stock worth $1,890,000 after acquiring an additional 2,683 shares during the period. Hahn Capital Management LLC raised its holdings in Roper Technologies by 33.2% in the 2nd quarter. Hahn Capital Management LLC now owns 11,792 shares of the industrial products company’s stock worth $6,647,000 after purchasing an additional 2,942 shares during the period. SRS Capital Advisors Inc. lifted its position in Roper Technologies by 7.4% during the second quarter. SRS Capital Advisors Inc. now owns 2,040 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 140 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Roper Technologies during the second quarter valued at about $200,000. Finally, Savant Capital LLC increased its position in Roper Technologies by 63.8% in the second quarter. Savant Capital LLC now owns 994 shares of the industrial products company’s stock worth $560,000 after buying an additional 387 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, CFO Jason Conley sold 3,500 shares of the business’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 completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred 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 sale, the director now 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 is accessible through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE:ROP opened at $553.39 on Tuesday. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 2.87 and a beta of 1.02. 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 50 day simple moving average of $548.69 and a 200-day simple moving average of $544.90. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10.

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. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Equities analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $616.00.

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.