Gilbert & Cook Inc. Sells 111 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gilbert & Cook Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,520 shares of the industrial products company’s stock after selling 111 shares during the period. Gilbert & Cook Inc.’s holdings in Roper Technologies were worth $846,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after purchasing an additional 118,971 shares during the period. Principal Financial Group Inc. raised its position in shares of Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after buying an additional 102,199 shares in the last quarter. Bank of Montreal Can raised its position in shares of Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after buying an additional 80,255 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after buying an additional 78,870 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Roper Technologies in the first quarter worth $43,851,000. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROP shares. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Price Performance

ROP stock opened at $548.23 on Friday. The firm has a 50 day moving average price of $552.39 and a 200-day moving average price of $547.96. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. The firm has a market capitalization of $58.79 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business earned $4.32 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s payout ratio is presently 21.95%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Company Profile

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.