Artemis Investment Management LLP Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Artemis Investment Management LLP decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 33.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 693 shares of the industrial products company’s stock after selling 347 shares during the quarter. Artemis Investment Management LLP’s holdings in Roper Technologies were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. New Covenant Trust Company N.A. purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $25,000. Rise Advisors LLC purchased a new stake in shares of Roper Technologies during the 1st quarter worth about $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 1st quarter worth approximately $29,000. Versant Capital Management Inc raised its holdings 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, Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 transaction of $1,970,570.00. Following the sale, 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 is available through this hyperlink. Also, Director Christopher Wright sold 300 shares of the firm’s 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 completion of the transaction, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. 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 in the last quarter. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.7 %

Shares of ROP traded down $3.72 during midday trading on Monday, hitting $523.06. The company had a trading volume of 89,690 shares, compared to its average volume of 522,060. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The company’s 50 day moving average price is $552.19 and its 200 day moving average price is $544.94. The stock has a market cap of $55.99 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.72 and a beta of 1.02.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, July 8th. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Ratings Changes

A number of brokerages have recently commented on ROP. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Oppenheimer dropped their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Mizuho upped their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their target price on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $604.33.

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.