Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 384.8% in the 2nd quarter, Holdings Channel reports. The firm owned 703 shares of the industrial products company’s stock after purchasing an additional 558 shares during the period. Blue Trust Inc.’s holdings in Roper Technologies were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at about $29,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock valued at $2,214,019 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ROP shares. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Mizuho increased their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $607.50.

Roper Technologies Trading Up 0.4 %

Shares of NYSE:ROP traded up $1.93 during mid-day trading on Friday, reaching $548.50. 389,768 shares of the company were exchanged, compared to its average volume of 520,750. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 2.76 and a beta of 1.02. The firm’s 50-day simple moving average is $550.94 and its 200 day simple moving average is $544.39. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities research analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is currently 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.