Verity & Verity LLC Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Verity & Verity LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 707 shares of the industrial products company’s stock after selling 95 shares during the quarter. Verity & Verity LLC’s holdings in Roper Technologies were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after acquiring an additional 125,387 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after purchasing an additional 102,199 shares during the period. Mackenzie Financial Corp increased its position in shares of Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after purchasing an additional 33,544 shares during the last quarter. Legal & General Group Plc raised its holdings in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after buying an additional 64,565 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Roper Technologies by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock worth $451,901,000 after buying an additional 33,780 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP opened at $548.27 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company’s fifty day moving average price is $545.56 and its 200-day moving average price is $545.56. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The firm has a market capitalization of $58.77 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. On average, equities research analysts predict 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 is presently 21.77%.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer dropped their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

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.