UMB Bank n.a. Buys 54 Shares of Roper Technologies, Inc. (NYSE:ROP)

UMB Bank n.a. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,479 shares of the industrial products company’s stock after purchasing an additional 54 shares during the quarter. UMB Bank n.a.’s holdings in Roper Technologies were worth $1,961,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter valued at $25,000. Rise Advisors LLC bought a new position in Roper Technologies in the 1st quarter valued at $27,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 1st quarter valued at $29,000. Versant Capital Management Inc grew its position in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the 4th quarter valued at $32,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. 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 report on Thursday, July 25th. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. 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’s stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $616.00.

Insider Activity at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the 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 transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert D. Johnson sold 140 shares of the 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 transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock valued at $2,214,019 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.1 %

NYSE:ROP traded up $0.59 during mid-day trading on Friday, hitting $554.41. 407,562 shares of the company’s stock traded hands, compared to its average volume of 509,846. The company has a fifty day moving average of $549.83 and a 200 day moving average of $544.49. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a market capitalization of $59.35 billion, a P/E ratio of 40.23, 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 quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current 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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.