Ensign Peak Advisors Inc Sells 8,401 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ensign Peak Advisors Inc decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,224 shares of the industrial products company’s stock after selling 8,401 shares during the period. Ensign Peak Advisors Inc owned approximately 0.12% of Roper Technologies worth $73,966,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its stake in shares of Roper Technologies by 149.7% in the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after acquiring an additional 220,006 shares in the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 134.5% in the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after purchasing an additional 156,468 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the period. American Century Companies Inc. boosted its position in shares of Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after purchasing an additional 118,971 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of 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 period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Down 0.5 %

NYSE:ROP opened at $558.04 on Friday. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The firm has a 50-day moving average price of $547.91 and a two-hundred day moving average price of $545.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm 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 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. On average, equities analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on ROP shares. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.