American National Bank & Trust Co. VA Acquires Shares of 11,259 Roper Technologies, Inc. (NYSE:ROP)

American National Bank & Trust Co. VA acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,259 shares of the industrial products company’s stock, valued at approximately $6,314,000. Roper Technologies accounts for approximately 1.5% of American National Bank & Trust Co. VA’s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Mutual Advisors LLC bought a new position in shares of Roper Technologies during the 3rd quarter worth $251,000. Schonfeld Strategic Advisors LLC lifted its holdings in Roper Technologies by 101.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 9,935 shares of the industrial products company’s stock worth $4,811,000 after purchasing an additional 5,006 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Roper Technologies by 84.1% during the 3rd quarter. Lazard Asset Management LLC now owns 10,458 shares of the industrial products company’s stock worth $5,064,000 after purchasing an additional 4,776 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Roper Technologies by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,752 shares of the industrial products company’s stock worth $2,786,000 after purchasing an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Roper Technologies by 69.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,178 shares of the industrial products company’s stock worth $570,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $2.66 during trading hours on Thursday, reaching $560.45. 284,848 shares of the stock traded hands, compared to its average volume of 463,738. The company’s 50-day simple moving average is $541.47 and its two-hundred day simple moving average is $542.99. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 52-week low of $471.93 and a 52-week high of $569.49. The company has a market capitalization of $59.99 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $3.90 EPS. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Roper Technologies 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.