Blair William & Co. IL Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Blair William & Co. IL holds a stake of $19.87 million in Roper Technologies, having reduced its position by 2.8% in the first quarter of the year.
• Analysts generally have a positive outlook with an average rating of "Moderate Buy" for Roper Technologies, and a consensus price target of $637.18.
• The company recently announced a quarterly dividend of $0.825 per share, marking a 0.6% dividend yield, and a dividend payout ratio of 23.19%.

Blair William & Co. IL lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,709 shares of the industrial products company's stock after selling 971 shares during the quarter. Blair William & Co. IL's holdings in Roper Technologies were worth $19,874,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Roper Technologies during the fourth quarter valued at about $203,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Roper Technologies by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 24,671 shares of the industrial products company's stock worth $12,825,000 after purchasing an additional 706 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Roper Technologies by 22.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 1,580 shares of the industrial products company's stock worth $822,000 after purchasing an additional 290 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Roper Technologies by 4.7% in the 4th quarter. Russell Investments Group Ltd. now owns 121,873 shares of the industrial products company's stock valued at $63,357,000 after acquiring an additional 5,514 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Roper Technologies by 1.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,161 shares of the industrial products company's stock valued at $604,000 after buying an additional 22 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

ROP traded down $3.32 during trading on Friday, reaching $533.40. The company's stock had a trading volume of 168,690 shares, compared to its average volume of 611,940. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market cap of $57.40 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.77 and a beta of 0.99. The firm has a fifty day simple moving average of $559.80 and a two-hundred day simple moving average of $564.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its 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 net margin of 22.01% and a return on equity of 10.79%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.48 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is presently 23.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROP shares. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies 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.