Sugarloaf Wealth Management LLC Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Sugarloaf Wealth Management LLC raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,769 shares of the industrial products company’s stock after purchasing an additional 186 shares during the period. Roper Technologies makes up approximately 0.6% of Sugarloaf Wealth Management LLC’s holdings, making the stock its 24th largest holding. Sugarloaf Wealth Management LLC’s holdings in Roper Technologies were worth $2,774,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROP. Price T Rowe Associates Inc. MD increased its holdings in shares of Roper Technologies by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,877,050 shares of the industrial products company’s stock worth $3,912,029,000 after buying an additional 436,317 shares during the period. BlackRock Inc. grew its stake in shares of Roper Technologies by 0.5% in the first quarter. BlackRock Inc. now owns 7,725,350 shares of the industrial products company’s stock worth $3,404,484,000 after purchasing an additional 41,777 shares during the last quarter. State Street Corp grew its stake in shares of Roper Technologies by 1.6% in the first quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after purchasing an additional 68,038 shares during the last quarter. Morgan Stanley grew its stake in shares of Roper Technologies by 2.9% in the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after purchasing an additional 95,728 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Roper Technologies by 5.2% in the fourth quarter. Alliancebernstein L.P. now owns 2,483,094 shares of the industrial products company’s stock worth $1,072,920,000 after purchasing an additional 121,894 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer raised their target price on Roper Technologies from $535.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Argus lifted their price objective on Roper Technologies from $490.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Raymond James lifted their price objective on Roper Technologies from $550.00 to $572.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 25th. Jefferies Financial Group lifted their price objective on Roper Technologies from $530.00 to $575.00 in a research report on Friday, July 21st. Finally, Wells Fargo & Company lifted their price objective on Roper Technologies from $550.00 to $555.00 and gave the company an “overweight” rating in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $525.80.

Roper Technologies Stock Up 0.4 %

Shares of ROP traded up $1.81 during mid-day trading on Tuesday, reaching $500.97. The company had a trading volume of 93,298 shares, compared to its average volume of 485,838. The company has a market capitalization of $53.46 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a 50-day moving average price of $490.73 and a 200 day moving average price of $463.12. Roper Technologies, Inc. has a 52 week low of $356.21 and a 52 week high of $504.73.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Roper Technologies had a net margin of 50.21% and a return on equity of 10.61%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.95 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 16.46 EPS for the current year.

Roper Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were paid a dividend of $0.6825 per share. The ex-dividend date was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend payout ratio is presently 10.05%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 900 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $495.19, for a total transaction of $445,671.00. Following the completion of the sale, 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 at this hyperlink. In other news, Director Christopher Wright sold 1,100 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $498.56, for a total transaction of $548,416.00. Following the completion of the sale, the director now owns 36,727 shares of the company’s stock, valued at approximately $18,310,613.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert D. Johnson sold 900 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $495.19, for a total transaction of $445,671.00. Following the completion of the transaction, the director now directly owns 5,846 shares of the company’s stock, valued at approximately $2,894,880.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,000 shares of company stock worth $3,495,658. Insiders own 0.94% of the company’s stock.

About Roper Technologies

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.