Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,005 shares of the industrial products company's stock after selling 7,237 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Roper Technologies worth $66,036,000 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. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $27,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $31,000. Wayfinding Financial LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Roper Technologies in the first quarter worth approximately $34,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial upped their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were 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 $11,408,687.50. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Up 0.5%

Shares of Roper Technologies stock traded up $2.67 during trading on Friday, hitting $563.03. The company's stock had a trading volume of 278,458 shares, compared to its average volume of 618,377. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a fifty day simple moving average of $564.04 and a two-hundred day simple moving average of $563.24. The company has a market capitalization of $60.53 billion, a PE ratio of 39.26, a P/E/G ratio of 2.77 and a beta of 1.02. 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 results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (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%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $4.48 earnings per share. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's payout ratio is 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.