Blue Trust Inc. Acquires 558 Shares of Roper Technologies, Inc. (NYSE:ROP)

Blue Trust Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 384.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 703 shares of the industrial products company’s stock after acquiring an additional 558 shares during the quarter. Blue Trust Inc.’s holdings in Roper Technologies were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies during the 1st quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies during the 1st quarter valued at $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 1st quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% during the 2nd 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. bought a new position in shares of Roper Technologies during the 4th quarter valued at $31,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

ROP stock traded up $1.93 during trading on Friday, reaching $548.50. The company’s stock had a trading volume of 389,768 shares, compared to its average volume of 520,750. The company’s fifty day moving average is $550.94 and its 200-day moving average is $544.39. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. The company has a market capitalization of $58.71 billion, a P/E ratio of 39.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.02. 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 (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. On average, research analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

ROP has been the subject of several analyst reports. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Finally, Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $607.50.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the 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 of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Christopher Wright sold 300 shares of the 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 of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock valued at $2,214,019 in the last 90 days. Insiders own 0.87% of the company’s stock.

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.