Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 537.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,456 shares of the industrial products company’s stock after buying an additional 16,405 shares during the period. SG Americas Securities LLC’s holdings in Roper Technologies were worth $9,354,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ROP. HHM Wealth Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter worth $26,000. Manitou Investment Management Ltd. acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $29,000. Compass Wealth Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. Fortis Capital Advisors LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. Finally, Barrett & Company Inc. purchased a new position in Roper Technologies during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank of Canada raised their target price on Roper Technologies from $532.00 to $569.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Barclays upped their price objective on Roper Technologies from $550.00 to $560.00 in a report on Tuesday, August 8th. Argus lifted their target price on Roper Technologies from $490.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Wells Fargo & Company increased their price target on Roper Technologies from $550.00 to $555.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Finally, TheStreet upgraded shares of Roper Technologies from a “c+” rating to a “b-” rating in a report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $525.80.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 2,857 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $502.05, for a total value of $1,434,356.85. Following the sale, the chief financial officer now directly owns 38,358 shares in the company, valued at $19,257,633.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roper Technologies news, CFO Jason Conley sold 2,857 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $502.05, for a total transaction of $1,434,356.85. Following the sale, the chief financial officer now owns 38,358 shares of the company’s stock, valued at $19,257,633.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $457.19, for a total transaction of $137,157.00. Following the completion of the transaction, the director now owns 37,827 shares of the company’s stock, valued at approximately $17,294,126.13. The disclosure for this sale can be found here. In the last three months, insiders sold 6,200 shares of company stock valued at $3,084,399. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Down 0.7 %

ROP opened at $495.81 on Friday. The business has a fifty day moving average price of $490.34 and a 200 day moving average price of $462.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.90. Roper Technologies, Inc. has a 12 month low of $356.21 and a 12 month high of $504.73. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, July 21st. The industrial products company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.13. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.95 earnings per share. Sell-side analysts expect that Roper Technologies, Inc. will post 16.46 earnings per share for the current fiscal year.

Roper Technologies Cuts Dividend

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

About Roper Technologies

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.