Mount Yale Investment Advisors LLC Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mount Yale Investment Advisors LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 5.1% in the first quarter, Holdings Channel reports. The institutional investor owned 972 shares of the industrial products company’s stock after selling 52 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Roper Technologies were worth $545,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. LRI Investments LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $104,000. 1832 Asset Management L.P. lifted its holdings in shares of Roper Technologies by 0.7% in the 1st quarter. 1832 Asset Management L.P. now owns 26,140 shares of the industrial products company’s stock worth $14,660,000 after acquiring an additional 190 shares during the last quarter. Cadence Bank lifted its holdings in shares of Roper Technologies by 8.3% in the 1st quarter. Cadence Bank now owns 4,443 shares of the industrial products company’s stock worth $2,492,000 after acquiring an additional 340 shares during the last quarter. First Commonwealth Financial Corp PA lifted its holdings in shares of Roper Technologies by 18.6% in the 1st quarter. First Commonwealth Financial Corp PA now owns 1,440 shares of the industrial products company’s stock worth $808,000 after acquiring an additional 226 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Roper Technologies by 14.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,848 shares of the industrial products company’s stock worth $1,597,000 after acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The shares were 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 of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies 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 sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock valued at $2,214,019 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer decreased their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Mizuho increased their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $604.33.

Roper Technologies Price Performance

Shares of ROP traded up $2.28 during trading hours on Tuesday, reaching $547.97. The company had a trading volume of 19,439 shares, compared to its average volume of 521,571. The firm has a 50 day simple moving average of $553.70 and a 200-day simple moving average of $545.73. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $58.65 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.88 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $3.90 earnings per share. Research analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders 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 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.