Bradley Foster & Sargent Inc. CT Sells 214 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bradley Foster & Sargent Inc. CT decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,397 shares of the industrial products company’s stock after selling 214 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Roper Technologies were worth $787,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ROP. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after purchasing an additional 125,387 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after acquiring an additional 102,199 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Roper Technologies by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after purchasing an additional 68,957 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Roper Technologies by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after purchasing an additional 33,780 shares during the last quarter. Finally, Mirova US LLC raised its position in Roper Technologies by 2.1% in the 2nd quarter. Mirova US LLC now owns 700,651 shares of the industrial products company’s stock worth $394,929,000 after purchasing an additional 14,501 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 2.0 %

Shares of NYSE:ROP opened at $560.86 on Friday. The company has a market capitalization of $60.12 billion, a PE ratio of 40.70, a P/E/G ratio of 2.92 and a beta of 1.02. 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 12-month low of $474.46 and a 12-month high of $579.10. The business’s fifty day simple moving average is $547.92 and its 200-day simple moving average is $545.22.

Roper Technologies (NYSE:ROP) last posted its 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. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the 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 in the company, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ROP shares. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Finally, Jefferies Financial Group increased their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Four 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

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.