Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Davis Rea LTD.

Davis Rea LTD. decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 45.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,904 shares of the industrial products company's stock after selling 7,500 shares during the quarter. Roper Technologies comprises about 1.4% of Davis Rea LTD.'s portfolio, making the stock its 22nd biggest position. Davis Rea LTD.'s holdings in Roper Technologies were worth $5,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its position in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares during the period. Freedom Day Solutions LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $1,808,000. Tandem Investment Advisors Inc. increased its stake in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after purchasing an additional 32,694 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $264,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 0.5%

Shares of NYSE ROP traded up $2.67 during mid-day trading on Friday, hitting $563.03. The company had a trading volume of 278,458 shares, compared to its average volume of 618,377. The company has a market capitalization of $60.53 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. 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, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business's 50-day simple moving average is $564.04 and its 200 day simple moving average is $562.88.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.48 EPS. On average, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $11,408,687.50. This represents 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.

Analyst Ratings Changes

Several equities research analysts have commented on ROP shares. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Truist Financial upped their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

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.