First Horizon Advisors Inc. Has $1.55 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Horizon Advisors Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,750 shares of the industrial products company’s stock after buying an additional 156 shares during the period. First Horizon Advisors Inc.’s holdings in Roper Technologies were worth $1,550,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies during the first quarter worth $25,000. Rise Advisors LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at about $27,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the first quarter worth about $29,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP traded up $0.26 on Tuesday, hitting $550.14. The company’s stock had a trading volume of 19,278 shares, compared to its average volume of 516,073. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The stock has a fifty day moving average of $550.81 and a two-hundred day moving average of $544.35. The firm has a market capitalization of $58.89 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Research analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock valued at $2,214,019 in the last three months. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on ROP. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group increased their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Barclays boosted their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $607.50.

About Roper Technologies

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.