Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,057 shares of the industrial products company’s stock after selling 113 shares during the period. Cigna Investments Inc. New’s holdings in Roper Technologies were worth $939,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Motco increased its stake in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares during the period. Creative Planning increased its stake in Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares during the period. 96.93% of the stock is currently owned by institutional investors.

Roper Technologies, Inc. (NYSE ROP) opened at 229.54 on Friday. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49. The firm has a market capitalization of $23.46 billion, a PE ratio of 34.37 and a beta of 1.04. The firm’s 50-day moving average is $233.98 and its 200-day moving average is $218.33.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post $9.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.

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ROP has been the topic of several recent research reports. Cowen and Company reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Barclays PLC upped their price objective on shares of Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and a consensus target price of $238.42.

In other news, Director Robert D. Johnson sold 2,000 shares of Roper Technologies stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the transaction, the director now directly owns 66,104 shares of the company’s stock, valued at approximately $15,117,984.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,800 shares of company stock valued at $1,353,200 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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