SG Americas Securities LLC Has $80.29 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

SG Americas Securities LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,296 shares of the industrial products company’s stock after selling 17,538 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Roper Technologies worth $80,292,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bright Rock Capital Management LLC boosted its position in shares of Roper Technologies by 16.7% during the 3rd quarter. Bright Rock Capital Management LLC now owns 14,000 shares of the industrial products company’s stock worth $7,790,000 after purchasing an additional 2,000 shares in the last quarter. Czech National Bank boosted its holdings in Roper Technologies by 7.1% in the third quarter. Czech National Bank now owns 21,837 shares of the industrial products company’s stock worth $12,151,000 after acquiring an additional 1,439 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 22 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Roper Technologies by 4.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 33,340 shares of the industrial products company’s stock valued at $18,552,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Abacus Planning Group Inc. raised its position in shares of Roper Technologies by 8.5% during the third quarter. Abacus Planning Group Inc. now owns 2,488 shares of the industrial products company’s stock worth $1,384,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of several research reports. Royal Bank of Canada lifted their price target 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. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $548.93 on Friday. The stock has a 50 day moving average of $546.11 and a 200 day moving average of $545.62. The company has a market capitalization of $58.85 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.90 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month 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.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion for 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, sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.