Azzad Asset Management Inc. ADV reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,081 shares of the industrial products company’s stock after selling 107 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Roper Technologies were worth $2,850,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Roper Technologies during the first quarter valued at about $27,000. Independence Bank of Kentucky acquired a new position in Roper Technologies during the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies during the fourth quarter worth about $31,000. VisionPoint Advisory Group LLC acquired a new position in Roper Technologies during the fourth quarter worth about $32,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in Roper Technologies during the fourth quarter worth about $38,000. 93.31% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Roper Technologies
In other news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now 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 can be accessed through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale 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 the business’s stock in a transaction dated 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 directly 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. Corporate insiders own 0.87% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Roper Technologies
Roper Technologies Trading Down 0.5 %
Shares of NYSE ROP opened at $560.45 on Thursday. Roper Technologies, Inc. has a one year low of $471.93 and a one year high of $569.49. The firm has a market capitalization of $59.99 billion, a PE ratio of 32.70, a PEG ratio of 2.95 and a beta of 1.02. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $541.02 and a two-hundred day moving average price of $542.87.
Roper Technologies (NYSE:ROP – Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $3.90 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.
Roper Technologies Dividend Announcement
The firm also recently disclosed 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. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s payout ratio is presently 21.77%.
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.
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