Roper Technologies, Inc. (NYSE:ROP) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC cut its position in Roper Technologies, Inc. (NYSE:ROP) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,084 shares of the industrial products company’s stock after selling 84 shares during the quarter. PAX Financial Group LLC’s holdings in Roper Technologies were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Roper Technologies during the first quarter worth $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at about $29,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $31,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $32,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded down $2.15 during trading on Tuesday, reaching $574.40. The company’s stock had a trading volume of 254,920 shares, compared to its average volume of 507,822. The firm has a market cap of $61.48 billion, a PE ratio of 41.77, a P/E/G ratio of 2.97 and a beta of 1.02. The company has a 50-day moving average price of $552.46 and a two-hundred day moving average price of $545.06. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $3.90 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $597.78.

About Roper Technologies

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.