American National Bank boosted its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 12.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,955 shares of the industrial products company’s stock after purchasing an additional 2,238 shares during the quarter. Roper Technologies comprises 1.6% of American National Bank’s portfolio, making the stock its 18th largest position. American National Bank’s holdings in Roper Technologies were worth $9,594,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Putnam Investments LLC grew its holdings in Roper Technologies by 14.1% in the fourth quarter. Putnam Investments LLC now owns 316,474 shares of the industrial products company’s stock valued at $136,745,000 after purchasing an additional 39,132 shares during the period. CM Wealth Advisors LLC purchased a new stake in Roper Technologies during the first quarter worth approximately $216,000. Barrett & Company Inc. purchased a new stake in Roper Technologies during the first quarter worth approximately $33,000. Ethic Inc. grew its stake in Roper Technologies by 10.9% during the first 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 period. Finally, Atria Wealth Solutions Inc. grew its stake in Roper Technologies by 22.0% during the fourth 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 period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ROP shares. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $530.00 to $575.00 in a research note on Friday, July 21st. Robert W. Baird boosted their target price on shares of Roper Technologies from $483.00 to $503.00 in a research report on Tuesday, July 18th. Raymond James boosted their target price on shares of Roper Technologies from $550.00 to $572.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 25th. Wells Fargo & Company boosted their target price 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. Finally, Argus boosted their target price on shares of Roper Technologies from $490.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $525.80.
Roper Technologies Stock Up 0.7 %
ROP stock opened at $499.16 on Tuesday. 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 1-year low of $356.21 and a 1-year high of $504.73. The firm has a fifty day moving average price of $490.73 and a two-hundred day moving average price of $463.12. The firm has a market cap of $53.27 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.87 and a beta of 1.02.
Roper Technologies (NYSE:ROP – Get Free Report) last released its earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.13. Roper Technologies had a net margin of 50.21% and a return on equity of 10.61%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $3.95 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts predict that Roper Technologies, Inc. will post 16.46 EPS for the current year.
Roper Technologies Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Monday, July 10th were given 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 dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is currently 10.05%.
Insider Transactions at Roper Technologies
In other news, Director Christopher Wright sold 1,100 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $498.56, for a total transaction of $548,416.00. Following the completion of the transaction, the director now owns 36,727 shares in the company, valued at $18,310,613.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert D. Johnson sold 900 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $495.19, for a total value of $445,671.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Wright sold 1,100 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $498.56, for a total transaction of $548,416.00. Following the completion of the transaction, the director now owns 36,727 shares of the company’s stock, valued at approximately $18,310,613.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,000 shares of company stock worth $3,495,658. Insiders own 0.94% of the company’s stock.
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.
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