Roper Technologies, Inc. $ROP Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,441 shares of the industrial products company’s stock after selling 356 shares during the quarter. Roper Technologies comprises approximately 1.5% of Lincoln Capital LLC’s portfolio, making the stock its 14th biggest position. Lincoln Capital LLC’s holdings in Roper Technologies were worth $7,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWA Asset Management Group LLC boosted 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 worth $453,000 after purchasing an additional 61 shares during the period. Freedom Day Solutions LLC acquired a new stake in Roper Technologies during the 1st quarter worth $1,808,000. Tandem Investment Advisors Inc. boosted its stake in Roper Technologies by 49.9% during the 1st 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 boosted its stake in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock worth $1,115,000 after purchasing an additional 819 shares during the period. Finally, Legacy Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter worth $264,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.9%

Shares of ROP stock opened at $529.64 on Monday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $57.00 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.77 and a beta of 0.99. The business has a fifty day simple moving average of $554.68 and a 200-day simple moving average of $564.67. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the company earned $4.48 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating for the company. Finally, Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $637.40.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business’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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

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.