Bank Julius Baer & Co. Ltd Zurich Has $9.42 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 93.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,974 shares of the industrial products company's stock after selling 238,983 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Roper Technologies were worth $9,418,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROP. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies during the 4th quarter worth $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth $31,000. Wayfinding Financial LLC bought a new position in Roper Technologies in the first quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management bought a new position in Roper Technologies in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

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 shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $846,255.00. Following the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Trading Up 0.5%

Shares of NYSE ROP traded up $2.67 during midday trading on Friday, reaching $563.03. 278,458 shares of the stock were exchanged, compared to its average volume of 618,377. The business has a 50-day simple moving average of $564.04 and a two-hundred day simple moving average of $563.24. The company has a market capitalization of $60.53 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 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.

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

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROP. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research note on Friday, May 16th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $637.18.

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.