First Hawaiian Bank Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Hawaiian Bank lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.5% during the 2nd quarter, Holdings Channel reports. The firm owned 4,687 shares of the industrial products company’s stock after selling 730 shares during the period. First Hawaiian Bank’s holdings in Roper Technologies were worth $2,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. DAVENPORT & Co LLC increased its stake in Roper Technologies by 5.5% in the 4th quarter. DAVENPORT & Co LLC now owns 672 shares of the industrial products company’s stock worth $366,000 after acquiring an additional 35 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Roper Technologies by 887.5% in the 4th quarter. Venturi Wealth Management LLC now owns 79 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 71 shares during the last quarter. Trust Point Inc. bought a new stake in Roper Technologies in the 4th quarter worth approximately $656,000. Ballentine Partners LLC increased its stake in Roper Technologies by 5.0% in the 4th quarter. Ballentine Partners LLC now owns 1,417 shares of the industrial products company’s stock worth $773,000 after acquiring an additional 68 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Roper Technologies in the 4th quarter worth approximately $116,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Mizuho upped their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $604.33.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Insiders sold a total of 3,940 shares of company stock valued at $2,214,019 over the last quarter. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Down 3.5 %

NYSE:ROP traded down $18.50 during mid-day trading on Monday, hitting $517.53. 934,438 shares of the company’s stock traded hands, compared to its average volume of 527,591. The company has a fifty day moving average of $553.54 and a 200 day moving average of $545.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The company has a market capitalization of $55.40 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.85 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

About Roper Technologies

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.