Zurcher Kantonalbank Zurich Cantonalbank Has $27.67 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank has reduced its stake in Roper Technologies by 4.9%, owning 46,934 shares valued at approximately $27.67 million as of its latest SEC filing.
• Company insiders made notable sales, including Director Richard F. Wallman and VP John K. Stipancich, who sold 352 and 1,500 shares respectively, indicating a decrease in their ownership.
• Roper Technologies recently announced a quarterly dividend of $0.825, with a dividend yield of 0.59%, and reported a 13.2% increase in quarterly revenue year-over-year.

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,934 shares of the industrial products company's stock after selling 2,419 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Roper Technologies were worth $27,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. Empirical Finance LLC increased its position in shares of Roper Technologies by 2.0% during the 1st quarter. Empirical Finance LLC now owns 3,693 shares of the industrial products company's stock valued at $2,177,000 after purchasing an additional 73 shares during the last quarter. Motco boosted its position in shares of Roper Technologies by 0.8% during the 1st quarter. Motco now owns 18,955 shares of the industrial products company's stock valued at $11,175,000 after acquiring an additional 153 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Roper Technologies by 2.3% during the 1st quarter. TD Asset Management Inc now owns 148,743 shares of the industrial products company's stock valued at $87,696,000 after buying an additional 3,337 shares in the last quarter. HB Wealth Management LLC increased its stake in Roper Technologies by 46.0% in the 1st quarter. HB Wealth Management LLC now owns 4,822 shares of the industrial products company's stock worth $2,843,000 after purchasing an additional 1,519 shares during the period. Finally, First Heartland Consultants Inc. increased its stake in Roper Technologies by 6.0% in the 1st quarter. First Heartland Consultants Inc. now owns 704 shares of the industrial products company's stock worth $415,000 after purchasing an additional 40 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 1.6%

Shares of NYSE ROP traded down $8.79 during trading on Friday, hitting $541.61. 238,468 shares of the company traded hands, compared to its average volume of 615,936. The company has a 50-day moving average price of $562.52 and a 200-day moving average price of $564.21. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market capitalization of $58.23 billion, a P/E ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.02.

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 analysts' consensus estimates 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 revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $4.48 EPS. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ROP shares. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird upped their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the company's 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 owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

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.