Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services LLC has increased its holdings in Roper Technologies by 6.4%, acquiring an additional 1,490 shares, raising its total to 24,796 shares valued at approximately $14.6 million.
• Wall Street analysts are optimistic about Roper Technologies, with the company receiving several "outperform" ratings and price targets ranging from $600 to $703.
• Roper Technologies announced a quarterly dividend of $0.825, equating to an annualized yield of 0.6%, with the payment set for October 17th to stockholders of record by October 3rd.

Commonwealth Equity Services LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,796 shares of the industrial products company's stock after acquiring an additional 1,490 shares during the quarter. Commonwealth Equity Services LLC's holdings in Roper Technologies were worth $14,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at approximately $31,000. Wayfinding Financial LLC purchased a new position in Roper Technologies during the first quarter worth approximately $31,000. Alpine Bank Wealth Management purchased a new stake in Roper Technologies in the 1st quarter valued at $34,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.4%

ROP traded down $2.33 during mid-day trading on Friday, hitting $534.38. 358,734 shares of the stock were exchanged, compared to its average volume of 613,320. The company has a market cap of $57.51 billion, a PE ratio of 37.26, a PEG ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average is $559.10 and its two-hundred day moving average is $565.45. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.48 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 completion of the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president owned 38,932 shares in the company, valued at approximately $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 company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROP. Oppenheimer reissued an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. One 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 given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies has a consensus 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.