Beese Fulmer Investment Management Inc. Sells 191 Shares of Roper Technologies, Inc. (NYSE:ROP)

Beese Fulmer Investment Management Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,051 shares of the industrial products company’s stock after selling 191 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Roper Technologies were worth $5,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Putnam Investments LLC lifted its position in shares of Roper Technologies by 14.1% during the 4th quarter. Putnam Investments LLC now owns 316,474 shares of the industrial products company’s stock worth $136,745,000 after buying an additional 39,132 shares during the last quarter. CM Wealth Advisors LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth $216,000. Barrett & Company Inc. bought a new stake in shares of Roper Technologies during the 1st quarter worth $33,000. Ethic Inc. lifted its position in shares of Roper Technologies by 10.9% during the 1st quarter. Ethic Inc. now owns 1,456 shares of the industrial products company’s stock worth $642,000 after buying an additional 143 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Roper Technologies by 22.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,494 shares of the industrial products company’s stock worth $1,077,000 after buying an additional 450 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Jason Conley sold 2,857 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $502.05, for a total transaction of $1,434,356.85. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $457.19, for a total value of $137,157.00. Following the transaction, the director now owns 37,827 shares in the company, valued at $17,294,126.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 2,857 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 38,358 shares in the company, valued at approximately $19,257,633.90. The disclosure for this sale can be found here. Insiders sold 6,200 shares of company stock valued at $3,084,399 over the last 90 days. Company insiders own 0.94% of the company’s stock.

Roper Technologies Trading Down 0.7 %

Shares of ROP stock traded down $3.61 on Friday, hitting $495.81. The company had a trading volume of 725,626 shares, compared to its average volume of 265,917. The stock’s 50-day moving average is $490.73 and its two-hundred day moving average is $462.82. Roper Technologies, Inc. has a twelve month low of $356.21 and a twelve month high of $504.73. The firm has a market cap of $52.91 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.90 and a current ratio of 0.94.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, July 21st. The industrial products company reported $4.12 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $3.95 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 16.46 earnings per share for the current fiscal year.

Roper Technologies Cuts Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on ROP. Barclays upped their price objective on Roper Technologies from $550.00 to $560.00 in a research report on Tuesday, August 8th. Royal Bank of Canada increased their target price on Roper Technologies from $532.00 to $569.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. StockNews.com started coverage on Roper Technologies in a research report on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet upgraded Roper Technologies from a “c+” rating to a “b-” rating in a research report on Friday, July 28th. Finally, TD Cowen increased their target price on Roper Technologies from $525.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $525.80.

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.