ORG Partners LLC Purchases 1,024 Shares of Roper Technologies, Inc. (NYSE:ROP)

ORG Partners LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 764.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,158 shares of the industrial products company’s stock after buying an additional 1,024 shares during the quarter. ORG Partners LLC’s holdings in Roper Technologies were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter worth $25,000. Rise Advisors LLC bought a new position in Roper Technologies in the 1st quarter worth $27,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 1st quarter worth $29,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in Roper Technologies in the 4th quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 2.7 %

NYSE:ROP traded up $14.05 during mid-day trading on Thursday, reaching $542.05. The company’s stock had a trading volume of 65,008 shares, compared to its average volume of 518,126. The firm has a market capitalization of $58.02 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 2.76 and a beta of 1.02. The stock has a fifty day moving average of $551.12 and a 200-day moving average of $544.42. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent analyst reports. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Mizuho increased their price objective 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. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $604.33.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the 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 in the company, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’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 transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock worth $2,214,019 over the last 90 days. 0.87% of the stock is currently owned by corporate 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.