Roper Technologies Inc (NYSE:ROP) Shares Sold by Pendal Group Ltd

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Pendal Group Ltd lowered its stake in Roper Technologies Inc (NYSE:ROP) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,703 shares of the industrial products company’s stock after selling 62 shares during the quarter. Pendal Group Ltd’s holdings in Roper Technologies were worth $624,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. boosted its stake in Roper Technologies by 3.9% during the 2nd quarter. Westbourne Investment Advisors Inc. now owns 727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 27 shares during the last quarter. SPC Financial Inc. boosted its stake in Roper Technologies by 0.9% during the 1st quarter. SPC Financial Inc. now owns 3,305 shares of the industrial products company’s stock worth $1,130,000 after purchasing an additional 30 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Roper Technologies by 2.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,440 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 30 shares during the last quarter. Charter Trust Co. boosted its stake in Roper Technologies by 3.9% during the 1st quarter. Charter Trust Co. now owns 910 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 34 shares during the last quarter. Finally, Financial Counselors Inc. boosted its stake in Roper Technologies by 0.7% during the 1st quarter. Financial Counselors Inc. now owns 5,370 shares of the industrial products company’s stock worth $1,836,000 after purchasing an additional 38 shares during the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE ROP traded up $7.35 during trading on Friday, hitting $356.91. 6,812 shares of the company were exchanged, compared to its average volume of 529,924. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. The company has a fifty day moving average price of $367.65 and a 200-day moving average price of $346.63. The firm has a market capitalization of $37.27 billion, a PE ratio of 30.21, a P/E/G ratio of 2.51 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping the consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Monday, July 8th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.52%. Roper Technologies’s dividend payout ratio is presently 15.66%.

Several equities research analysts have issued reports on ROP shares. Wells Fargo & Co lifted their target price on shares of Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Raymond James lifted their target price on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Oppenheimer lifted their target price on shares of Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Stephens lifted their target price on shares of Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Barclays lifted their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $374.10.

Roper Technologies Company 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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