Aviso Financial Inc. Reduces Holdings in Roper Technologies, Inc. $ROP

Key Points

• Aviso Financial Inc. reduced its stake in Roper Technologies by 31.2%, owning 3,940 shares worth approximately $2.32 million after selling 1,790 shares.
• Roper Technologies reported $4.87 EPS for the last quarter, surpassing analysts' expectations and reflecting a 13.2% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.825 per share, with an annualized yield of 0.6%.

Aviso Financial Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,940 shares of the industrial products company's stock after selling 1,790 shares during the quarter. Aviso Financial Inc.'s holdings in Roper Technologies were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ROP. MorganRosel Wealth Management LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the 4th quarter worth approximately $31,000. Olde Wealth Management LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Wayfinding Financial LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new position in Roper Technologies during the 1st quarter valued at about $34,000. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $637.40.

Roper Technologies Stock Performance

ROP stock opened at $529.64 on Monday. The company has a market cap of $57.00 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year 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's fifty day moving average price is $554.68 and its 200-day moving average price is $564.67.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

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.

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