Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,163 shares of the industrial products company’s stock after acquiring an additional 20 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Roper Technologies were worth $7,983,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Tranquility Partners LLC purchased a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $560,000. Atlantic Union Bankshares Corp purchased a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $5,128,000. LRI Investments LLC boosted its stake in shares of Roper Technologies by 2,400.0% during the 2nd quarter. LRI Investments LLC now owns 200 shares of the industrial products company’s stock valued at $113,000 after buying an additional 192 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $216,000. Finally, Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ROP shares. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Barclays raised their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Mizuho raised 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.50.

Roper Technologies Stock Performance

Shares of ROP traded up $1.85 during trading hours on Friday, reaching $547.82. 392,340 shares of the company’s stock traded hands, compared to its average volume of 515,288. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The business’s fifty day simple moving average is $550.45 and its two-hundred day simple moving average is $544.40.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Analysts predict that Roper Technologies, Inc. will post 18.16 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. Investors of record on Monday, July 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio is currently 21.77%.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was 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 approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock valued at $2,214,019 over the last three months. Company insiders own 0.87% of the company’s stock.

Roper Technologies Company 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.