UNIVEST FINANCIAL Corp Sells 14,850 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• UNIVEST FINANCIAL Corp reduced its stake in Roper Technologies, Inc. by 48.9%, now owning 15,547 shares valued at approximately $9.17 million.
• Recent insider transactions included VP John K. Stipancich selling 1,500 shares for approximately $846,255, while Director Richard F. Wallman sold 352 shares for about $195,800.
• Roper Technologies announced a quarterly dividend of $0.825 per share, equating to an annual yield of 0.6%, reflecting a dividend payout ratio of 23.19%.

UNIVEST FINANCIAL Corp cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,547 shares of the industrial products company's stock after selling 14,850 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Roper Technologies were worth $9,166,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. CWA Asset Management Group LLC lifted its stake in shares of Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after buying an additional 61 shares during the last quarter. Freedom Day Solutions LLC acquired a new stake in shares of Roper Technologies in the first quarter worth $1,808,000. Tandem Investment Advisors Inc. lifted its stake in shares of Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after buying an additional 32,694 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after buying an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new position in Roper Technologies during the 1st quarter valued at $264,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.5%

Shares of NYSE ROP traded down $8.29 during mid-day trading on Friday, hitting $542.11. The company's stock had a trading volume of 497,000 shares, compared to its average volume of 617,792. The stock has a market cap of $58.28 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company's fifty day simple moving average is $562.52 and its 200-day simple moving average is $564.21.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results 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 firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $4.48 EPS. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is currently 23.19%.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction 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 owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.