Symphony Financial Ltd. Co. lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,458 shares of the industrial products company's stock after selling 222 shares during the period. Symphony Financial Ltd. Co.'s holdings in Roper Technologies were worth $694,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ROP. HHM Wealth Advisors LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $26,000. Manitou Investment Management Ltd. acquired a new stake in Roper Technologies in the 1st quarter worth approximately $29,000. Compass Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Fortis Capital Advisors LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Finally, Barrett & Company Inc. acquired a new position in shares of Roper Technologies during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 91.59% of the company's stock.
Insiders Place Their Bets
In other Roper Technologies news, Director Robert D. Johnson sold 900 shares of the company's stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $495.19, for a total value of $445,671.00. Following the completion of the transaction, the director now owns 5,846 shares of the company's stock, valued at approximately $2,894,880.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert D. Johnson sold 900 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $495.19, for a total value of $445,671.00. Following the completion of the sale, the director now owns 5,846 shares of the company's stock, valued at $2,894,880.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher Wright sold 1,100 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $498.56, for a total value of $548,416.00. Following the completion of the sale, the director now directly owns 36,727 shares of the company's stock, valued at approximately $18,310,613.12. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock valued at $3,495,658 in the last 90 days. Corporate insiders own 0.94% of the company's stock.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of recent research reports. StockNews.com initiated coverage on Roper Technologies in a research note on Thursday, August 17th. They issued a "hold" rating for the company. Oppenheimer raised their price target on Roper Technologies from $535.00 to $560.00 and gave the company an "outperform" rating in a report on Monday, July 24th. Robert W. Baird raised their target price on Roper Technologies from $483.00 to $503.00 in a report on Tuesday, July 18th. Raymond James raised their target price on Roper Technologies from $550.00 to $572.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 25th. Finally, Jefferies Financial Group boosted their target price on Roper Technologies from $530.00 to $575.00 in a research note on Friday, July 21st. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $525.80.
Read Our Latest Stock Report on ROP
Roper Technologies Price Performance
Shares of NYSE:ROP traded up $1.12 during trading on Tuesday, reaching $500.28. 64,418 shares of the company traded hands, compared to its average volume of 485,710. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Roper Technologies, Inc. has a 52 week low of $356.21 and a 52 week high of $504.73. The firm has a market capitalization of $53.38 billion, a PE ratio of 18.37, a PEG ratio of 2.87 and a beta of 1.02. The company's 50 day moving average is $490.73 and its two-hundred day moving average is $463.12.
Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.99 by $0.13. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $3.95 EPS. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 16.46 earnings per share for the current year.
Roper Technologies Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were issued a $0.6825 dividend. The ex-dividend date was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a yield of 0.55%. Roper Technologies's payout ratio is presently 10.05%.
Roper Technologies Profile
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Free Report)
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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