Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Boosted by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,750 shares of the industrial products company’s stock after purchasing an additional 156 shares during the quarter. First Horizon Advisors Inc.’s holdings in Roper Technologies were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $756,176,000. First Trust Advisors LP increased its holdings in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after purchasing an additional 220,006 shares during the period. Corient Private Wealth LLC raised its stake in shares of Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after purchasing an additional 211,967 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Roper Technologies by 134.5% in the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after purchasing an additional 156,468 shares during the period. Finally, Vanguard Group Inc. grew its position in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after buying an additional 125,387 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jason Conley sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following 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. Insiders sold 3,940 shares of company stock worth $2,214,019 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.0 %

ROP traded up $0.26 during trading on Tuesday, reaching $550.14. The company had a trading volume of 19,278 shares, compared to its average volume of 516,073. The firm’s 50-day simple moving average is $550.81 and its 200 day simple moving average is $544.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The company has a market cap of $58.89 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analyst Ratings Changes

A number of analysts have commented on ROP shares. Barclays boosted their price target 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. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada lifted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday. Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $607.50.

Roper Technologies 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.