Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Reduced by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,004 shares of the industrial products company’s stock after selling 147 shares during the period. Roper Technologies accounts for about 1.6% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 19th largest position. UNIVEST FINANCIAL Corp’s holdings in Roper Technologies were worth $5,639,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the first quarter worth about $25,000. Rise Advisors LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $27,000. Versant Capital Management Inc raised its position 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 during the period. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 1st quarter worth $29,000. Finally, VisionPoint Advisory Group LLC acquired a new position in Roper Technologies in the 4th quarter valued at $32,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction 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 sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated 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 transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROP shares. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays upped their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Price Performance

ROP opened at $547.76 on Friday. The company has a fifty day moving average price of $548.87 and a two-hundred day moving average price of $544.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $58.72 billion, a PE ratio of 39.75, a P/E/G ratio of 2.91 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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.