Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 15.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,425 shares of the industrial products company’s stock after selling 438 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Roper Technologies were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Roper Technologies in the first quarter valued at $27,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $31,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. VisionPoint Advisory Group LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $32,000. Finally, Grayhawk Investment Strategies Inc. purchased a new stake in Roper Technologies during the fourth quarter worth $38,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.1 %

Shares of NYSE:ROP opened at $562.62 on Wednesday. The company has a market capitalization of $60.22 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.95 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $471.93 and a 12-month high of $569.49. The business has a 50-day moving average price of $540.55 and a 200 day moving average price of $542.71. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.90 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho increased their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and 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.