Sunbelt Securities Inc. Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

Sunbelt Securities Inc. lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 649 shares of the industrial products company’s stock after selling 24 shares during the period. Sunbelt Securities Inc.’s holdings in Roper Technologies were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. lifted its stake in Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares in the last quarter. Western Financial Corp CA grew its holdings in shares of Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 19 shares in the last quarter. AMG National Trust Bank increased its stake in Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after buying an additional 19 shares during the period. Legacy Private Trust Co. boosted 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 valued at $264,000 after buying an additional 20 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in shares of Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $548.27 on Wednesday. The firm has a market cap of $58.77 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The firm’s fifty day moving average price is $545.56 and its 200 day moving average price is $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 for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.