First Financial Bank Trust Division raised its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,288 shares of the industrial products company’s stock after acquiring an additional 412 shares during the quarter. First Financial Bank Trust Division’s holdings in Roper Technologies were worth $6,398,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Roper Technologies during the first quarter worth approximately $2,319,000. Swedbank AB raised its stake in shares of Roper Technologies by 209.6% during the first quarter. Swedbank AB now owns 223,964 shares of the industrial products company’s stock worth $132,045,000 after buying an additional 151,628 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Roper Technologies by 128.4% during the first quarter. Voya Investment Management LLC now owns 126,915 shares of the industrial products company’s stock worth $74,827,000 after buying an additional 71,345 shares during the last quarter. Guinness Asset Management LTD raised its stake in shares of Roper Technologies by 5.3% during the first quarter. Guinness Asset Management LTD now owns 74,008 shares of the industrial products company’s stock worth $43,625,000 after buying an additional 3,710 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Roper Technologies during the first quarter worth approximately $87,769,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Down 0.9%
Roper Technologies stock opened at $512.53 on Friday. The stock has a market capitalization of $55.16 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $538.14 and a 200-day moving average of $557.75.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies’s dividend payout ratio is presently 23.19%.
Insider Buying and Selling at Roper Technologies
In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company’s stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $636.36.
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.
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