Brown Shipley& Co Ltd sells 91 shares of Roper Technologies, Inc. (NYSE:ROP)

Brown Shipley& Co Ltd reduced its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 33.3% during the second quarter, HoldingsChannel.com reports. The fund owned 182 shares of the industrial products company’s stock after selling 91 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Roper Technologies were worth $103,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after buying an additional 125,387 shares in the last quarter. Principal Financial Group Inc. raised its position in Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Roper Technologies by 3.1% in the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock worth $630,749,000 after acquiring an additional 33,544 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Roper Technologies by 7.6% in the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after purchasing an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Roper Technologies by 4.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock worth $451,901,000 after buying an additional 33,780 shares during the last quarter. Institutional investors own 93.31% of the company’s shares.

Analysts on Wall Street are forecasting an increase

ROP has been the subject of several analyst reports. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $617.00 to $635.00 in a research note on Thursday , July 25. Truist Financial reiterated a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Royal Bank of Canada upped their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Baird RW upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $616.00, based on data from MarketBeat.

Read the latest stock analysis on ROP

Insider Trading at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of shares are held by insiders.

Roper Technologies Stock Performance

Shares of ROP stock opened at $553.80 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.48, and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $546.48 and its 200 day moving average price is $545.49. The stock has a market cap of $59.28 billion, a PE ratio of 40.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities analysts expect that Roper Technologies, Inc. to record 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents an annualized dividend of $3.00 and a dividend yield of 0.54%. Roper Technologies’ payout ratio is currently 21.77%.

Roper Technologies profile

(Free Report)

Roper Technologies, Inc designs and develops software and technology-based products and solutions. It operates through three segments: application software, network software, and technology-enabled products. The Software Applications segment offers management, campus solutions, laboratory diagnostics and information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analysis and performance management software; cloud-based software for the property and casualty insurance industry; and software, services and technologies for food service operations.

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