Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 643 shares of the industrial products company’s stock after acquiring an additional 26 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Roper Technologies were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after acquiring an additional 125,387 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Roper Technologies by 2.5% in the first quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock valued at $1,447,927,000 after acquiring an additional 61,756 shares in the last quarter. Norges Bank bought a new position in Roper Technologies during the 4th quarter valued at $756,176,000. Bank of New York Mellon Corp grew its position in shares of Roper Technologies by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after acquiring an additional 68,957 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Roper Technologies by 32.8% in the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after purchasing an additional 211,967 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Roper Technologies news, 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 transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,940 shares of company stock worth $2,214,019. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP traded up $1.85 on Friday, reaching $547.82. 392,340 shares of the stock traded hands, compared to its average volume of 515,288. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a market cap of $58.64 billion, a price-to-earnings ratio of 39.75, a P/E/G ratio of 2.88 and a beta of 1.02. The firm’s fifty day simple moving average is $550.45 and its 200 day simple moving average is $544.37. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors 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 of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ROP shares. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Barclays lifted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Mizuho lifted their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $607.50.

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.