Procyon Advisors LLC Has $1.41 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Procyon Advisors LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,505 shares of the industrial products company’s stock after purchasing an additional 56 shares during the quarter. Procyon Advisors LLC’s holdings in Roper Technologies were worth $1,405,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its stake in shares of Roper Technologies by 6.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 425 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 27 shares during the period. GoalVest Advisory LLC lifted its stake in Roper Technologies by 900.0% in the first quarter. GoalVest Advisory LLC now owns 100 shares of the industrial products company’s stock valued at $56,000 after buying an additional 90 shares during the period. Riverview Trust Co acquired a new position in Roper Technologies in the first quarter valued at approximately $56,000. Strong Tower Advisory Services lifted its stake in Roper Technologies by 3.7% in the first quarter. Strong Tower Advisory Services now owns 2,645 shares of the industrial products company’s stock valued at $1,464,000 after buying an additional 95 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $20,803,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE:ROP traded up $4.52 during trading on Thursday, reaching $562.06. The company’s stock had a trading volume of 435,495 shares, compared to its average volume of 518,122. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a 50 day moving average of $538.79 and a 200-day moving average of $542.31. Roper Technologies, Inc. has a 12 month low of $469.61 and a 12 month high of $568.68.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. Research analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Barclays boosted their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Royal Bank of Canada decreased their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Insider Buying and Selling

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction dated 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 owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Christopher Wright sold 300 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Roper Technologies Company 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.