Congress Asset Management Co. MA Has $105.82 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Congress Asset Management Co. MA trimmed its stake in Roper Technologies, Inc. (NYSE:ROPFree Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,680 shares of the industrial products company’s stock after selling 485 shares during the quarter. Congress Asset Management Co. MA owned 0.18% of Roper Technologies worth $105,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC grew its holdings in shares of Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares in the last quarter. Legacy Private Trust Co. increased its position in Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 20 shares during the last quarter. Jacobi Capital Management LLC raised its stake in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 21 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of Roper Technologies by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock valued at $1,133,000 after buying an additional 22 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in shares of Roper Technologies by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock valued at $631,000 after buying an additional 22 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROP. Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company 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 research note on Monday, April 29th. Finally, Mizuho upped their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

View Our Latest Report on Roper Technologies

Roper Technologies Stock Performance

Roper Technologies stock traded up $2.27 on Friday, hitting $561.49. The company’s stock had a trading volume of 1,028,932 shares, compared to its average volume of 432,466. Roper Technologies, Inc. has a one year low of $453.96 and a one year high of $565.00. The firm has a market cap of $60.10 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $536.77 and a 200-day moving average price of $541.78.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.15 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Roper Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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