Sentry Investment Management LLC Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

Sentry Investment Management LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 461 shares of the industrial products company’s stock after selling 95 shares during the quarter. Sentry Investment Management LLC’s holdings in Roper Technologies were worth $260,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROP. Gilbert & Cook Inc. grew its stake in Roper Technologies by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after acquiring an additional 97 shares during the last quarter. Aveo Capital Partners LLC raised its position in shares of Roper Technologies by 9.5% in the fourth quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after buying an additional 41 shares during the last quarter. 9258 Wealth Management LLC lifted its stake in shares of Roper Technologies by 11.5% during the fourth quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock valued at $1,012,000 after buying an additional 192 shares during the period. QRG Capital Management Inc. boosted its position in Roper Technologies by 3.5% during the fourth quarter. QRG Capital Management Inc. now owns 1,503 shares of the industrial products company’s stock worth $819,000 after acquiring an additional 51 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Roper Technologies by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 337,040 shares of the industrial products company’s stock worth $183,748,000 after acquiring an additional 19,563 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Roper Technologies stock opened at $549.84 on Thursday. The firm has a fifty day moving average of $548.26 and a 200-day moving average of $544.90. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $58.94 billion, a P/E ratio of 39.90, a PEG ratio of 2.87 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly 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 firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. As a group, analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the business’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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction 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 sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada increased their price target on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Barclays increased their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report 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 report on Friday, August 16th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $616.00.

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.