Roper Technologies, Inc. (NYSE:ROP) Shares Sold by American Trust

American Trust decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,850 shares of the industrial products company’s stock after selling 297 shares during the quarter. American Trust’s holdings in Roper Technologies were worth $2,734,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ROP. Jones Financial Companies Lllp lifted its holdings in Roper Technologies by 9.9% in the fourth quarter. Jones Financial Companies Lllp now owns 334 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 30 shares during the period. CWA Asset Management Group LLC acquired a new position in Roper Technologies in the 4th quarter worth about $360,000. Belpointe Asset Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $290,000. Stephens Investment Management Group LLC raised its stake in shares of Roper Technologies by 1.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 17,231 shares of the industrial products company’s stock worth $9,394,000 after buying an additional 172 shares during the period. Finally, First Trust Advisors LP grew its stake in Roper Technologies by 149.7% in the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after acquiring an additional 220,006 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $548.27 on Wednesday. The firm has a market cap of $58.77 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.90 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. The business’s 50 day moving average is $545.56 and its two-hundred day moving average is $545.56. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week 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, beating analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued 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 is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Transactions at Roper Technologies

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 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 $3,251,959.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ROP shares. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Truist Financial reissued a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. 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. According to MarketBeat, Roper Technologies has an average 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.