UNIVEST FINANCIAL Corp Sells 147 Shares of Roper Technologies, Inc. (NYSE:ROP)

UNIVEST FINANCIAL Corp trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 10,004 shares of the industrial products company’s stock after selling 147 shares during the period. Roper Technologies accounts for 1.6% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 19th largest holding. UNIVEST FINANCIAL Corp’s holdings in Roper Technologies were worth $5,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter worth about $25,000. Rise Advisors LLC bought a new position in Roper Technologies during the first quarter worth about $27,000. OFI Invest Asset Management acquired a new position in Roper Technologies during the first quarter worth approximately $29,000. Versant Capital Management Inc raised its stake in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $32,000. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 approximately $3,251,959.06. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ROP. Jefferies Financial Group boosted 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. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Barclays increased their target price 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, Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Four 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Trading Down 1.3 %

Shares of ROP stock opened at $547.76 on Friday. 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, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a market cap of $58.72 billion, a PE ratio of 39.75, a P/E/G ratio of 2.91 and a beta of 1.02. The stock’s fifty day moving average price is $548.87 and its two-hundred day moving average price is $544.94.

Roper Technologies (NYSE:ROP) last released 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. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.75 per share. 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 (DPR) is 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.