Kayne Anderson Rudnick Investment Management LLC Sells 700 Shares of Roper Technologies, Inc. (NYSE:ROP)

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,639 shares of the industrial products company’s stock after selling 700 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.12% of Roper Technologies worth $73,073,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Symphony Financial Ltd. Co. raised its holdings in Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after buying an additional 19 shares during the period. Western Financial Corp CA lifted its holdings in shares of 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 worth $973,000 after acquiring an additional 19 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of Roper Technologies by 5.1% in the 2nd 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. lifted its holdings in shares of 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 acquiring an additional 20 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Roper Technologies by 3.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were 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 of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $558.04 on Friday. The company’s 50 day moving average is $547.91 and its 200 day moving average is $545.36. 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 firm has a market cap of $59.74 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.92 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 announced its quarterly earnings results 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. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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 issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ROP shares. Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report 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. Oppenheimer lowered their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Barclays raised their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

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.