First Western Trust Bank Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• First Western Trust Bank reduced its stake in Roper Technologies by 8.0% to holdings worth approximately $5.26 million by the end of the first quarter.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, with a dividend yield of 0.6% and a payout ratio of 23.19%.
• Analysts generally express a positive outlook on Roper Technologies, with a consensus rating of "Moderate Buy" and an average price target of $637.18.

First Western Trust Bank lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,927 shares of the industrial products company's stock after selling 771 shares during the quarter. First Western Trust Bank's holdings in Roper Technologies were worth $5,263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ROP. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter worth $27,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter worth $31,000. Olde Wealth Management LLC bought a new stake in Roper Technologies in the first quarter worth $31,000. Wayfinding Financial LLC bought a new stake in Roper Technologies in the first quarter worth $31,000. Finally, Alpine Bank Wealth Management bought a new stake in Roper Technologies in the first quarter worth $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Robert W. Baird boosted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday, May 16th. Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $637.18.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of the business'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 of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Roper Technologies Trading Down 0.4%

ROP stock traded down $2.33 during mid-day trading on Friday, reaching $534.38. 358,734 shares of the stock traded hands, compared to its average volume of 613,320. 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, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a market capitalization of $57.51 billion, a PE ratio of 37.26, a PEG ratio of 2.77 and a beta of 0.99. The business has a 50-day moving average price of $559.10 and a two-hundred day moving average price of $565.45.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating 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%. Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.48 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

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.