Roper Technologies Inc (NYSE:ROP) Shares Sold by First Bank & Trust

First Bank & Trust trimmed its stake in shares of Roper Technologies Inc (NYSE:ROP) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,874 shares of the industrial products company’s stock after selling 62 shares during the quarter. First Bank & Trust’s holdings in Roper Technologies were worth $1,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoylecohen LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $256,000. FMR LLC boosted its position in shares of Roper Technologies by 95.8% during the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after acquiring an additional 848,157 shares in the last quarter. Northern Trust Corp boosted its position in shares of Roper Technologies by 1.8% during the 1st quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock worth $404,835,000 after acquiring an additional 21,194 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new position in shares of Roper Technologies during the 1st quarter worth about $236,000. Finally, Tredje AP fonden boosted its position in shares of Roper Technologies by 1.5% during the 1st quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock worth $3,002,000 after acquiring an additional 129 shares in the last quarter. 93.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ROP opened at $351.80 on Wednesday. The firm has a market cap of $36.99 billion, a PE ratio of 29.79, a PEG ratio of 2.49 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51. The firm has a 50-day moving average price of $369.70.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.89 EPS. As a group, research analysts forecast that Roper Technologies Inc will post 12.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were given a $0.4625 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.

Several research firms have recently issued reports on ROP. Raymond James upped their price objective on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Wells Fargo & Co upped their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Argus upped their price objective on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stephens upped their price objective on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Barclays upped their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Roper Technologies has an average rating of “Buy” and a consensus price target of $374.10.

In other Roper Technologies news, insider Laurence Neil Hunn sold 47,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the completion of the sale, the insider now directly owns 218,866 shares of the company’s stock, valued at approximately $77,644,902.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the sale, the director now directly owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,750 shares of company stock valued at $17,659,170. Insiders own 1.90% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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