Roper Technologies, Inc. (NYSE:ROP) Shares Sold by ORG Partners LLC

ORG Partners LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 86.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134 shares of the industrial products company’s stock after selling 881 shares during the quarter. ORG Partners LLC’s holdings in Roper Technologies were worth $74,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Duality Advisers LP raised its stake in Roper Technologies by 355.4% during the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after purchasing an additional 9,385 shares during the period. MGB Wealth Management LLC raised its position in shares of Roper Technologies by 20.3% in the 1st quarter. MGB Wealth Management LLC now owns 475 shares of the industrial products company’s stock worth $266,000 after buying an additional 80 shares during the period. Manchester Capital Management LLC boosted its holdings in Roper Technologies by 146.5% in the first quarter. Manchester Capital Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $785,000 after acquiring an additional 832 shares during the last quarter. 9258 Wealth Management LLC grew its position in Roper Technologies by 2.5% during the first quarter. 9258 Wealth Management LLC now owns 1,904 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 47 shares during the period. Finally, Csenge Advisory Group increased its stake in Roper Technologies by 4.4% during the first quarter. Csenge Advisory Group now owns 1,486 shares of the industrial products company’s stock worth $833,000 after acquiring an additional 63 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Roper Technologies Stock Performance

ROP traded up $2.47 during trading hours on Friday, hitting $558.40. 220,208 shares of the stock were exchanged, compared to its average volume of 509,093. The stock has a market cap of $59.77 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $472.18 and a 12 month high of $569.49. The stock has a 50-day simple moving average of $545.89 and a 200-day simple moving average of $543.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company posted $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, July 8th. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROP. Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Oppenheimer restated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a report on Monday, April 29th. Finally, Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $587.09.

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.