Trivium Point Advisory LLC Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Trivium Point Advisory LLC reduced its stake in Roper Technologies by 14.2%, now owning 4,010 shares valued at approximately $2.36 million.
• Roper Technologies reported a quarterly earnings per share of $4.87, exceeding estimates, and showed a revenue increase of 13.2% year-over-year.
• The company announced a quarterly dividend of $0.825 per share, with a payout date set for October 17th, reflecting a 0.6% yield.

Trivium Point Advisory LLC reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the industrial products company's stock after selling 663 shares during the period. Trivium Point Advisory LLC's holdings in Roper Technologies were worth $2,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $203,000. Townsquare Capital LLC grew its holdings in shares of Roper Technologies by 15.6% in the fourth quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock worth $1,234,000 after purchasing an additional 321 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $272,000. Savvy Advisors Inc. grew its holdings in shares of Roper Technologies by 23.2% in the fourth quarter. Savvy Advisors Inc. now owns 510 shares of the industrial products company's stock worth $265,000 after purchasing an additional 96 shares during the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of Roper Technologies by 6.0% in the fourth quarter. Cohen & Steers Inc. now owns 423 shares of the industrial products company's stock worth $220,000 after purchasing an additional 24 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.9%

Roper Technologies stock traded up $4.68 on Friday, hitting $529.64. 697,542 shares of the stock traded hands, compared to its average volume of 619,619. 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 firm has a market cap of $57.00 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The business's fifty day simple moving average is $554.68 and its 200 day simple moving average is $564.71. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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%. Roper Technologies's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $4.48 earnings per share. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared 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 payout ratio is currently 23.19%.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent analyst reports. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus cut their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted 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. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Robert W. Baird lifted 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average price target of $637.40.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated 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 transaction, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

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.