Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Davis R M Inc.

Key Points

• Davis R M Inc. has reduced its holdings in Roper Technologies by 1.8%, now owning 93,356 shares valued at approximately $55 million.
• Institutional investors control 93.31% of Roper Technologies stock, with several hedge funds, including T. Rowe Price, significantly increasing their positions in the company.
• The stock has a current price target range of $640 to $687 from various analysts, with an average rating of "Moderate Buy".

Davis R M Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,356 shares of the industrial products company's stock after selling 1,735 shares during the quarter. Roper Technologies comprises 1.1% of Davis R M Inc.'s investment portfolio, making the stock its 27th biggest holding. Davis R M Inc. owned 0.09% of Roper Technologies worth $55,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC lifted its stake in shares of Roper Technologies by 30.9% in the first quarter. Natixis Advisors LLC now owns 88,626 shares of the industrial products company's stock valued at $52,252,000 after purchasing an additional 20,905 shares during the period. North Star Asset Management Inc. boosted its position in shares of Roper Technologies by 5.1% in the 1st quarter. North Star Asset Management Inc. now owns 28,532 shares of the industrial products company's stock worth $16,822,000 after buying an additional 1,380 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in Roper Technologies by 6.1% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 796 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Roper Technologies by 7.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 6,783 shares of the industrial products company's stock worth $3,998,000 after acquiring an additional 472 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Roper Technologies in the first quarter valued at approximately $659,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 0.2%

Roper Technologies stock traded up $1.13 during midday trading on Monday, reaching $543.24. The stock had a trading volume of 164,816 shares, compared to its average volume of 614,643. The stock's 50-day simple moving average is $562.03 and its 200 day simple moving average is $565.07. The stock has a market capitalization of $58.41 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. 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 quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $4.48 earnings per share. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's dividend payout ratio is currently 23.19%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued 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, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $637.18.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

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.