Clarius Group LLC lowered its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 445 shares of the industrial products company’s stock after selling 33 shares during the quarter. Clarius Group LLC’s holdings in Roper Technologies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its stake in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock valued at $453,000 after acquiring an additional 61 shares in the last quarter. Freedom Day Solutions LLC bought a new stake in shares of Roper Technologies during the first quarter valued at about $1,808,000. Tandem Investment Advisors Inc. lifted its holdings in Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company’s stock worth $57,914,000 after purchasing an additional 32,694 shares during the period. GAMMA Investing LLC grew its position in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new position in Roper Technologies during the 1st quarter valued at about $264,000. 93.31% of the stock is owned by institutional investors.
Roper Technologies Trading Up 1.4%
Shares of NASDAQ ROP opened at $506.99 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The company has a market cap of $54.56 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 2.35 and a beta of 1.00. The business has a fifty day simple moving average of $521.65 and a 200-day simple moving average of $549.15.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s payout ratio is presently 23.19%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ROP. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target on the stock. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays decreased their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $635.27.
View Our Latest Stock Analysis on ROP
Insider Buying and Selling at Roper Technologies
In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction 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 completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.
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.
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