American Trust Trims Stock Position in Roper Technologies, Inc. (NYSE:ROP)

American Trust lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,850 shares of the industrial products company’s stock after selling 297 shares during the quarter. American Trust’s holdings in Roper Technologies were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Symphony Financial Ltd. Co. increased its stake in shares of Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares in the last quarter. Western Financial Corp CA raised its holdings in Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 19 shares during the last quarter. AMG National Trust Bank boosted its position in shares of Roper Technologies by 5.1% during the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after buying an additional 19 shares during the last quarter. Legacy Private Trust Co. raised its position in Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after buying an additional 20 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Roper Technologies by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer lowered their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Stock Down 1.5 %

Shares of ROP opened at $548.27 on Wednesday. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The company has a market cap of $58.77 billion, a PE ratio of 39.79, a P/E/G ratio of 2.90 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $545.56 and a 200 day moving average of $545.56.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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.