Roper Technologies, Inc. (NYSE:ROP) Stake Lessened by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 31.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,557 shares of the industrial products company’s stock after selling 2,056 shares during the period. Triasima Portfolio Management inc.’s holdings in Roper Technologies were worth $2,569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in shares of Roper Technologies by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after buying an additional 97 shares during the period. Aveo Capital Partners LLC lifted its holdings in Roper Technologies by 9.5% in the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 41 shares during the last quarter. 9258 Wealth Management LLC boosted its position in shares of Roper Technologies by 11.5% during the 4th quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock valued at $1,012,000 after purchasing an additional 192 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $217,000. Finally, Wealthspire Advisors LLC raised its holdings in shares of Roper Technologies by 20.6% in the 4th quarter. Wealthspire Advisors LLC now owns 733 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 125 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays raised their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Transactions at Roper Technologies

In related news, 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 value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the 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 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 SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 1.3 %

Shares of Roper Technologies stock traded down $7.15 during trading on Friday, hitting $547.76. 409,418 shares of the stock traded hands, compared to its average volume of 340,294. The stock has a market cap of $58.72 billion, a P/E ratio of 39.75, a PEG ratio of 2.93 and a beta of 1.02. The company has a fifty day moving average price of $548.87 and a two-hundred day moving average price of $544.94. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. 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 posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Equities research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given 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 dividend yield of 0.55%. 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.