Keel Point LLC Sells 577 Shares of Roper Technologies, Inc. (NYSE:ROP)

Keel Point LLC cut its position in Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,491 shares of the industrial products company’s stock after selling 577 shares during the period. Keel Point LLC’s holdings in Roper Technologies were worth $4,082,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its stake in shares of Roper Technologies by 68,873.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after buying an additional 1,721,828 shares in the last quarter. Norges Bank acquired a new position in Roper Technologies during the 4th quarter valued at about $497,958,000. CIBC Private Wealth Group LLC boosted its stake in Roper Technologies by 105.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,091,748 shares of the industrial products company’s stock valued at $899,912,000 after purchasing an additional 1,072,030 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth approximately $245,541,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Roper Technologies by 6.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,440,733 shares of the industrial products company’s stock valued at $3,647,156,000 after purchasing an additional 493,848 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 900 shares of Roper Technologies stock in a transaction on Monday, July 24th. The shares were sold at an average price of $495.19, for a total value of $445,671.00. Following the transaction, the director now owns 5,846 shares in the company, valued at approximately $2,894,880.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Robert D. Johnson sold 900 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $495.19, for a total transaction of $445,671.00. Following the completion of the sale, the director now directly owns 5,846 shares in the company, valued at approximately $2,894,880.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 2,143 shares of Roper Technologies stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $498.00, for a total value of $1,067,214.00. Following the completion of the transaction, the chief financial officer now directly owns 38,358 shares in the company, valued at $19,102,284. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock valued at $3,495,658 over the last quarter. 0.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ROP shares. Barclays lifted their target price on Roper Technologies from $550.00 to $560.00 in a research report on Tuesday, August 8th. TheStreet raised shares of Roper Technologies from a “c+” rating to a “b-” rating in a research report on Friday, July 28th. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $550.00 to $555.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Raymond James increased their price target on Roper Technologies from $550.00 to $572.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank of Canada boosted their price objective on Roper Technologies from $532.00 to $569.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $525.80.

Roper Technologies Price Performance

Shares of ROP stock traded up $0.75 on Tuesday, reaching $499.91. The company’s stock had a trading volume of 31,020 shares, compared to its average volume of 485,499. The stock’s 50 day simple moving average is $490.73 and its 200-day simple moving average is $463.12. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $53.35 billion, a P/E ratio of 18.37, a PEG ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $356.21 and a 12-month high of $504.73.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, July 21st. The industrial products company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $3.95 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 16.46 earnings per share for the current fiscal year.

Roper Technologies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 10th were given a $0.6825 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is 10.05%.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.