Equitable Trust Co. Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Equitable Trust Co. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,752 shares of the industrial products company’s stock after acquiring an additional 457 shares during the period. Equitable Trust Co.’s holdings in Roper Technologies were worth $3,806,000 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. purchased a new position in Roper Technologies during the first quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Roper Technologies during the 1st quarter worth $27,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROP shares. Royal Bank of Canada lifted their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group increased their price objective on shares of 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 downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Insider Buying and Selling

In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on 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 owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,940 shares of company stock valued at $2,214,019. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $0.59 during trading hours on Friday, reaching $554.41. The stock had a trading volume of 407,562 shares, compared to its average volume of 415,547. The stock’s 50 day moving average is $549.69 and its 200 day moving average is $544.64. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. 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 $59.43 billion, a PE ratio of 40.23, a PEG ratio of 2.91 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.72 billion. Equities analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend 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.