Middleton & Co. Inc. MA Sells 705 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Middleton & Co. Inc. decreased its stake in Roper Technologies by 8.5% in the first quarter, resulting in a holding of 7,598 shares valued at approximately $4.48 million.
• Analysts have a consensus "Moderate Buy" rating on Roper Technologies, with target prices ranging from $640.00 to $687.00.
• Roper Technologies recently declared a quarterly dividend of $0.825 per share, yielding 0.6% annually, reflecting a payout ratio of 23.19%.

Middleton & Co. Inc. MA decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,598 shares of the industrial products company's stock after selling 705 shares during the period. Middleton & Co. Inc. MA's holdings in Roper Technologies were worth $4,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROP. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new stake in Roper Technologies in the first quarter worth about $31,000. Alpine Bank Wealth Management acquired a new stake in Roper Technologies in the first quarter worth about $34,000. Finally, Putney Financial Group LLC acquired a new stake in Roper Technologies in the fourth quarter worth about $31,000. Institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROP shares. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $637.18.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred 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 directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of 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 corporate insiders.

Roper Technologies Stock Performance

ROP stock traded down $5.13 during midday trading on Thursday, hitting $536.71. 423,334 shares of the company traded hands, compared to its average volume of 615,029. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $559.80 and a 200-day simple moving average of $564.99. The stock has a market capitalization of $57.70 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 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%. During the same quarter in the prior year, the firm earned $4.48 EPS. The business's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is currently 23.19%.

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.