Roper Technologies Inc (NYSE:ROP) Shares Sold by American National Bank

American National Bank trimmed its holdings in Roper Technologies Inc (NYSE:ROP) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,032 shares of the industrial products company’s stock after selling 661 shares during the quarter. Roper Technologies comprises about 1.9% of American National Bank’s investment portfolio, making the stock its 18th biggest holding. American National Bank’s holdings in Roper Technologies were worth $5,872,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Roper Technologies by 11.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,343 shares of the industrial products company’s stock worth $17,340,000 after purchasing an additional 4,900 shares during the last quarter. Taylor Wealth Management Partners boosted its stake in Roper Technologies by 1.2% during the second quarter. Taylor Wealth Management Partners now owns 25,811 shares of the industrial products company’s stock worth $9,454,000 after buying an additional 304 shares during the period. NEXT Financial Group Inc boosted its stake in Roper Technologies by 11.5% during the second quarter. NEXT Financial Group Inc now owns 476 shares of the industrial products company’s stock worth $174,000 after buying an additional 49 shares during the period. Fenimore Asset Management Inc. boosted its stake in Roper Technologies by 99.4% during the second quarter. Fenimore Asset Management Inc. now owns 8,035 shares of the industrial products company’s stock worth $2,943,000 after buying an additional 4,005 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in Roper Technologies by 7.7% during the second quarter. IFM Investors Pty Ltd now owns 7,192 shares of the industrial products company’s stock worth $2,634,000 after buying an additional 512 shares during the period. Institutional investors own 93.04% of the company’s stock.

Shares of ROP traded up $7.85 during mid-day trading on Friday, hitting $357.41. 376,800 shares of the company traded hands, compared to its average volume of 533,958. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $36.14 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. The business has a 50 day moving average of $367.53 and a 200 day moving average of $346.69.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.89 earnings per share. As a group, research analysts expect that Roper Technologies Inc will post 13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s dividend payout ratio is currently 15.66%.

In related news, insider Laurence Neil Hunn sold 47,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $354.76, for a total value of $16,673,720.00. Following the sale, the insider now owns 218,866 shares in the company, valued at $77,644,902.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the completion of the sale, the director now owns 12,918 shares in the company, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,750 shares of company stock worth $17,659,170. 1.90% of the stock is owned by insiders.

Several research analysts have commented on ROP shares. Stephens lifted their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada set a $393.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a research note on Friday, July 26th. Argus boosted their target price on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Barclays boosted their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Raymond James boosted their target price on shares of Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Roper Technologies currently has an average rating of “Buy” and a consensus target price of $374.10.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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