Northwestern Mutual Wealth Management Co. Has $7.21 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Northwestern Mutual Wealth Management Co. grew its position in Roper Technologies, Inc. (NYSE:ROP) by 15.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,788 shares of the industrial products company’s stock after purchasing an additional 1,671 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Roper Technologies were worth $7,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Symphony Financial Ltd. Co. grew its position in shares of Roper Technologies by 1.5% in the first 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 during the last quarter. Western Financial Corp CA grew its position in Roper Technologies by 1.1% during the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares in the last quarter. AMG National Trust Bank grew its position 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 buying an additional 19 shares in the last quarter. Legacy Private Trust Co. grew its position in Roper Technologies by 4.4% during the first 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 in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies 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 transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 0.6 %

Shares of NYSE:ROP opened at $551.37 on Thursday. The firm has a market cap of $59.11 billion, a P/E ratio of 40.01, a P/E/G 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. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The business has a fifty day simple moving average of $545.95 and a 200 day simple moving average of $545.60.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during 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%. Analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Oppenheimer reduced their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird raised 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. Four 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 stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

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.