Roper Technologies, Inc. $ROP Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC lessened its position in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,155 shares of the industrial products company’s stock after selling 81 shares during the period. RWA Wealth Partners LLC’s holdings in Roper Technologies were worth $3,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.5%

Shares of NYSE:ROP opened at $532.28 on Tuesday. The stock has a market cap of $57.28 billion, a P/E ratio of 37.12, a P/E/G ratio of 2.77 and a beta of 0.99. The firm has a fifty day moving average price of $553.87 and a 200 day moving average price of $564.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 earnings per share. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies’s dividend payout ratio is presently 23.19%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays restated an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Raymond James Financial restated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $637.40.

Read Our Latest Analysis on Roper Technologies

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Company Profile

(Free Report)

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

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