Keybank National Association OH Boosts Stock Position in Roper Technologies Inc (NYSE:ROP)

Keybank National Association OH lifted its position in Roper Technologies Inc (NYSE:ROP) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,818 shares of the industrial products company’s stock after purchasing an additional 3,908 shares during the quarter. Keybank National Association OH owned 0.18% of Roper Technologies worth $68,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoylecohen LLC purchased a new position in shares of Roper Technologies in the 1st quarter worth about $256,000. FMR LLC boosted its holdings in Roper Technologies by 95.8% during the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after acquiring an additional 848,157 shares during the period. Northern Trust Corp boosted its holdings in Roper Technologies by 1.8% during the 1st quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock valued at $404,835,000 after acquiring an additional 21,194 shares during the period. Tredje AP fonden boosted its holdings in Roper Technologies by 1.5% during the 1st quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock valued at $3,002,000 after acquiring an additional 129 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Roper Technologies by 29.7% during the 1st quarter. Private Advisor Group LLC now owns 4,298 shares of the industrial products company’s stock valued at $1,469,000 after acquiring an additional 985 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.

In other news, insider Laurence Neil Hunn sold 47,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $354.76, for a total value of $16,673,720.00. Following the completion of the transaction, the insider now owns 218,866 shares of the company’s stock, valued at approximately $77,644,902.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 12,918 shares of the company’s stock, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. Insiders have sold a total of 49,750 shares of company stock valued at $17,659,170 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

ROP has been the subject of several analyst reports. Wells Fargo & Co increased their target price on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Stephens increased their target price on Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Argus increased their target price on Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada set a $393.00 target price on Roper Technologies and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Barclays increased their target price on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $374.10.

ROP traded up $6.82 during midday trading on Tuesday, reaching $359.09. 8,020 shares of the company’s stock traded hands, compared to its average volume of 522,033. The firm has a fifty day moving average price of $368.45. The company has a market cap of $36.92 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.49 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $385.51.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.89 EPS. As a group, equities analysts predict that Roper Technologies Inc will post 12.99 earnings per share for the current fiscal year.

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

About Roper Technologies

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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