Roper Technologies, Inc. (NYSE:ROP) Shares Sold by NBW Capital LLC

Key Points

• NBW Capital LLC reduced its stake in Roper Technologies by 21.9%, now holding 12,610 shares worth approximately $7.4 million.
• Several institutional investors significantly increased their positions in Roper Technologies, with GAMMA Investing LLC raising its stake by 103,901.5% during the first quarter.
• Roper Technologies recently reported quarterly earnings of $4.87 per share, exceeding the consensus estimate, and announced a quarterly dividend of $0.825 per share.

NBW Capital LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 21.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,610 shares of the industrial products company's stock after selling 3,538 shares during the quarter. Roper Technologies comprises approximately 1.6% of NBW Capital LLC's holdings, making the stock its 16th largest position. NBW Capital LLC's holdings in Roper Technologies were worth $7,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after acquiring an additional 142,150 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Roper Technologies by 1.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after purchasing an additional 19,377 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Roper Technologies by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,111,212 shares of the industrial products company's stock valued at $577,664,000 after purchasing an additional 97,270 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on 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 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. Company insiders own 0.78% of the company's stock.

Roper Technologies Trading Down 0.4%

Shares of NYSE ROP traded down $2.33 during trading hours on Friday, reaching $534.38. The stock had a trading volume of 358,734 shares, compared to its average volume of 613,320. The firm has a market cap of $57.51 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99. The business's fifty day moving average price is $559.10 and its two-hundred day moving average price is $565.23. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued 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 net margin of 22.01% and a return on equity of 10.79%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $4.48 EPS. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed 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. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird increased their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $637.18.

Roper Technologies 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.