Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Boosted by Seven Eight Capital LP

Seven Eight Capital LP lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 193.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,684 shares of the industrial products company’s stock after buying an additional 1,111 shares during the period. Seven Eight Capital LP’s holdings in Roper Technologies were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Symphony Financial Ltd. Co. boosted its holdings in Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 19 shares during the period. Western Financial Corp CA grew its holdings in Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after buying an additional 19 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Roper Technologies by 5.1% in the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 19 shares during the last quarter. Legacy Private Trust Co. raised its position in shares of Roper Technologies by 4.4% during the first quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after buying an additional 20 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s 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 sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Down 0.5 %

Shares of NYSE ROP opened at $558.04 on Friday. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The firm’s 50-day simple moving average is $547.91 and its 200 day simple moving average is $545.30. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company has a market cap of $59.74 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share 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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. On average, research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Analysts Set New Price Targets

ROP has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.