Copperwynd Financial LLC Has $998,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Copperwynd Financial LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,832 shares of the industrial products company’s stock after buying an additional 163 shares during the period. Copperwynd Financial LLC’s holdings in Roper Technologies were worth $998,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ROP. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Principal Financial Group Inc. raised its holdings in 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 valued at $1,512,813,000 after buying an additional 102,199 shares during the last quarter. Mackenzie Financial Corp boosted its position in Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock worth $630,749,000 after buying an additional 33,544 shares during the period. Legal & General Group Plc grew its holdings in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after acquiring an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Roper Technologies by 4.4% in 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 acquiring an additional 33,780 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the company’s 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 $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent research reports. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada increased their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Truist Financial restated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Price Performance

Shares of ROP opened at $553.80 on Friday. The business’s fifty day moving average is $546.48 and its 200 day moving average is $545.52. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. 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 stock has a market cap of $59.37 billion, a P/E ratio of 40.19, a P/E/G ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a $0.75 dividend. 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%.

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.