Edge Capital Group LLC Has $1.27 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Edge Capital Group LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,257 shares of the industrial products company’s stock after selling 52 shares during the quarter. Edge Capital Group LLC’s holdings in Roper Technologies were worth $1,272,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its position in shares of Roper Technologies by 236.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 5,789 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 7,768 shares during the last quarter. Stifel Financial Corp raised its position in shares of Roper Technologies by 5.9% during the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock worth $27,416,000 after acquiring an additional 2,811 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Roper Technologies by 90.7% during the fourth quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock worth $29,092,000 after acquiring an additional 25,384 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the company’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 transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Down 0.5 %

NYSE:ROP opened at $558.04 on Monday. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The stock 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. The stock has a 50-day moving average price of $547.91 and a two-hundred day moving average price of $545.39.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations 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 analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. Oppenheimer dropped their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $616.00.

Roper Technologies Company 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.