Van Hulzen Asset Management LLC Purchases 850 Shares of Roper Technologies, Inc. (NYSE:ROP)

Van Hulzen Asset Management LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 29,063 shares of the industrial products company’s stock after acquiring an additional 850 shares during the period. Roper Technologies comprises about 1.1% of Van Hulzen Asset Management LLC’s holdings, making the stock its 25th biggest holding. Van Hulzen Asset Management LLC’s holdings in Roper Technologies were worth $16,382,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in ROP. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies in the first quarter worth approximately $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the first quarter worth approximately $29,000. Versant Capital Management Inc grew its holdings in shares of Roper Technologies by 58.8% in the second 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 during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly 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. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $553.39 on Tuesday. 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 capitalization of $59.32 billion, a P/E ratio of 40.16, a P/E/G ratio of 2.87 and a beta of 1.02. The business has a fifty day simple moving average of $548.69 and a two-hundred day simple moving average of $544.90. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP) last announced 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. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays lifted their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Oppenheimer cut their price target 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. Finally, Truist Financial reiterated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

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.