GW&K Investment Management LLC Sells 34,342 Shares of Roper Technologies, Inc. (NYSE:ROP)

GW&K Investment Management LLC reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 92.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,728 shares of the industrial products company's stock after selling 34,342 shares during the quarter. GW&K Investment Management LLC's holdings in Roper Technologies were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the first quarter valued at $27,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies in the first quarter valued at $31,000. Wayfinding Financial LLC bought a new stake in shares of Roper Technologies in the first quarter valued at $31,000. Alpine Bank Wealth Management bought a new stake in shares of Roper Technologies in the first quarter valued at $34,000. Finally, Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In other news, 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 value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value 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. 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 corporate insiders.

Roper Technologies Price Performance

Shares of ROP traded up $3.34 during midday trading on Thursday, reaching $560.36. The stock had a trading volume of 544,538 shares, compared to its average volume of 620,823. The company's 50-day moving average is $564.44 and its 200 day moving average is $562.49. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the company posted $4.48 earnings per share. Roper Technologies's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's payout ratio is currently 23.19%.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. Robert W. Baird boosted their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" 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. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.