Roberts Wealth Advisors LLC Has $3.45 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Roberts Wealth Advisors LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,171 shares of the industrial products company’s stock after selling 289 shares during the quarter. Roper Technologies makes up 1.5% of Roberts Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. Roberts Wealth Advisors LLC’s holdings in Roper Technologies were worth $3,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. American National Bank raised its position in Roper Technologies by 12.6% during the second quarter. American National Bank now owns 19,955 shares of the industrial products company’s stock valued at $9,594,000 after purchasing an additional 2,238 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Roper Technologies by 57.6% in the 2nd quarter. Janiczek Wealth Management LLC now owns 104 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 38 shares in the last quarter. Czech National Bank grew its position in shares of Roper Technologies by 1.0% during the 2nd quarter. Czech National Bank now owns 12,618 shares of the industrial products company’s stock worth $6,067,000 after buying an additional 124 shares during the period. Level Four Advisory Services LLC grew its holdings in Roper Technologies by 7.3% in the second quarter. Level Four Advisory Services LLC now owns 3,428 shares of the industrial products company’s stock worth $1,648,000 after purchasing an additional 234 shares during the period. Finally, AE Wealth Management LLC grew its stake in shares of Roper Technologies by 10.4% in the 2nd quarter. AE Wealth Management LLC now owns 848 shares of the industrial products company’s stock valued at $408,000 after buying an additional 80 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Roper Technologies from $530.00 to $575.00 in a research report on Friday, July 21st. StockNews.com began coverage on Roper Technologies in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Barclays upped their target price on shares of Roper Technologies from $550.00 to $560.00 in a report on Tuesday, August 8th. TD Cowen boosted their price objective on Roper Technologies from $525.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. Finally, Wells Fargo & Company upped their target price on shares of Roper Technologies from $550.00 to $555.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $525.80.

Insider Activity at Roper Technologies

In other news, Director Robert D. Johnson sold 900 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $495.19, for a total value of $445,671.00. Following the completion of the transaction, the director now owns 5,846 shares in the company, valued at $2,894,880.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Jason Conley sold 2,143 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $498.00, for a total value of $1,067,214.00. Following the transaction, the chief financial officer now directly owns 38,358 shares in the company, valued at approximately $19,102,284. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 900 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $495.19, for a total value of $445,671.00. Following the sale, the director now owns 5,846 shares of the company’s stock, valued at approximately $2,894,880.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,000 shares of company stock valued at $3,495,658. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 0.0 %

NYSE:ROP traded down $0.03 during trading hours on Tuesday, reaching $499.13. 10,428 shares of the company traded hands, compared to its average volume of 485,424. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $490.73 and its two-hundred day moving average price is $463.12. Roper Technologies, Inc. has a 1 year low of $356.21 and a 1 year high of $504.73. The stock has a market capitalization of $53.26 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.87 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.13. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $3.95 EPS. Roper Technologies’s quarterly revenue was up 16.8% compared to the same quarter last year. Analysts predict that Roper Technologies, Inc. will post 16.46 earnings per share for the current year.

Roper Technologies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 10th were issued a $0.6825 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is currently 10.05%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.