First Hawaiian Bank Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

First Hawaiian Bank lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,687 shares of the industrial products company’s stock after selling 730 shares during the quarter. First Hawaiian Bank’s holdings in Roper Technologies were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the first quarter worth $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the first quarter worth $29,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ROP shares. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Royal Bank of Canada decreased their target price on Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $604.33.

Roper Technologies Stock Down 3.5 %

ROP stock traded down $18.50 during trading on Monday, reaching $517.53. 934,438 shares of the stock were exchanged, compared to its average volume of 527,591. The firm’s 50 day moving average is $553.54 and its 200 day moving average is $545.92. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. 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 firm has a market cap of $55.40 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.85 and a beta of 1.02.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio is currently 21.77%.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was 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 approximately $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 3,940 shares of company stock valued at $2,214,019. Company insiders own 0.87% of the company’s stock.

Roper Technologies 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.