Gulf International Bank UK Ltd Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Roper Technologies by 25.7%, selling 2,147 shares and lowering their total to 6,199 shares worth $3,654,000.
• Institutional investors collectively hold 93.31% of Roper Technologies' stock, with Vanguard Group and T. Rowe Price being notable shareholders that increased their positions recently.
• Roper Technologies' quarterly earnings exceeded expectations, reporting $4.87 earnings per share, and the company has announced a quarterly dividend of $0.825 per share to be paid in October.

Gulf International Bank UK Ltd lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 25.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,199 shares of the industrial products company's stock after selling 2,147 shares during the period. Gulf International Bank UK Ltd's holdings in Roper Technologies were worth $3,654,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ROP. MorganRosel Wealth Management LLC bought a new position in Roper Technologies during the first quarter worth $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter worth $31,000. Olde Wealth Management LLC bought a new position in Roper Technologies during the first quarter worth $31,000. Wayfinding Financial LLC bought a new position in Roper Technologies during the first quarter worth $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in Roper Technologies in the first quarter worth $34,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.9%

Shares of NYSE:ROP traded up $4.68 during midday trading on Friday, hitting $529.64. 697,542 shares of the company's stock were exchanged, compared to its average volume of 619,619. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a 50 day moving average price of $554.68 and a 200-day moving average price of $564.71. The company has a market cap of $57.00 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 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%. During the same quarter in the prior year, the firm earned $4.48 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on ROP. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $637.18.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction 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 dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director 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 disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

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.