Venturi Wealth Management LLC Buys 221 Shares of Roper Technologies, Inc. (NYSE:ROP)

Venturi Wealth Management LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 10.7% during the first quarter, HoldingsChannel.com reports. The fund owned 2,277 shares of the industrial products company’s stock after acquiring an additional 221 shares during the quarter. Venturi Wealth Management LLC’s holdings in Roper Technologies were worth $1,342,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Meridian Financial Partners LLC boosted its holdings in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company’s stock valued at $1,221,000 after acquiring an additional 19 shares during the last quarter. My Legacy Advisors LLC lifted its stake in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after buying an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV raised its position in shares of Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 20 shares during the period. Tritonpoint Wealth LLC raised its position in shares of Roper Technologies by 2.7% during the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 20 shares during the period. Finally, Winch Advisory Services LLC raised its position in shares of Roper Technologies by 2.2% during the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Raymond James Financial reissued a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Barclays restated an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Finally, Oppenheimer restated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $637.18.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $557.02 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a market cap of $59.89 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The stock has a fifty day simple moving average of $564.72 and a two-hundred day simple moving average of $562.13.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.48 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 23.19%.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate 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.