Trust Co. of Vermont Buys 214 Shares of Roper Technologies, Inc. (NYSE:ROP)

Trust Co. of Vermont raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 79.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 482 shares of the industrial products company’s stock after acquiring an additional 214 shares during the quarter. Trust Co. of Vermont’s holdings in Roper Technologies were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Symphony Financial Ltd. Co. increased its stake in Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 20 shares during the last quarter. Legacy Private Trust Co. grew its stake in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 20 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after purchasing an additional 20 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,940 shares of company stock worth $2,214,019. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada reduced their target price on Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Barclays increased their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.33.

Roper Technologies Trading Up 0.7 %

Roper Technologies stock traded up $3.52 during trading hours on Wednesday, reaching $521.66. 119,785 shares of the company’s stock were exchanged, compared to its average volume of 525,292. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm’s 50 day simple moving average is $552.70 and its 200 day simple moving average is $545.54. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The firm has a market capitalization of $55.84 billion, a PE ratio of 38.15, a PEG ratio of 2.81 and a beta of 1.02.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is currently 21.77%.

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.