ANB Bank Buys Shares of 1,020 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• ANB Bank has invested $601,000 in Roper Technologies, acquiring 1,020 shares during the first quarter, reflecting growing interest from institutional investors.
• Roper Technologies reported a quarterly earnings per share (EPS) of $4.87, exceeding analysts' estimates and showing a 13.2% increase in year-over-year revenue.
• The company announced a quarterly dividend of $0.825 per share, translating to an annualized dividend yield of 0.59% and a payout ratio of 23.19%.

ANB Bank bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,020 shares of the industrial products company's stock, valued at approximately $601,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC boosted its position in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after buying an additional 19 shares during the last quarter. My Legacy Advisors LLC boosted its position in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its position in Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after buying an additional 20 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after buying an additional 20 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its position in Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after buying an additional 20 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

NYSE ROP traded down $0.07 during mid-day trading on Monday, hitting $562.96. The stock had a trading volume of 106,749 shares, compared to its average volume of 614,709. The firm's 50 day moving average is $564.04 and its 200 day moving average is $563.61. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $60.53 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the company posted $4.48 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ROP shares. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer restated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

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.