Legacy Capital Wealth Partners LLC Takes $527,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Legacy Capital Wealth Partners LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 934 shares of the industrial products company’s stock, valued at approximately $527,000.

Several other institutional investors have also added to or reduced their stakes in the company. TIAA Trust National Association grew its holdings in shares of Roper Technologies by 1.1% in the second quarter. TIAA Trust National Association now owns 2,025 shares of the industrial products company’s stock valued at $1,141,000 after purchasing an additional 23 shares in the last quarter. Klingenstein Fields & Co. LP increased its holdings in shares of Roper Technologies by 2.6% in the 2nd quarter. Klingenstein Fields & Co. LP now owns 38,363 shares of the industrial products company’s stock worth $21,624,000 after buying an additional 976 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of Roper Technologies by 2.8% during the 2nd quarter. Crestwood Advisors Group LLC now owns 87,001 shares of the industrial products company’s stock valued at $49,039,000 after buying an additional 2,346 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of Roper Technologies by 5.2% in the 2nd quarter. Arlington Partners LLC now owns 5,995 shares of the industrial products company’s stock valued at $3,379,000 after acquiring an additional 296 shares during the last quarter. Finally, Equitable Trust Co. grew its position in Roper Technologies by 7.3% in the second quarter. Equitable Trust Co. now owns 6,752 shares of the industrial products company’s stock worth $3,806,000 after acquiring an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock worth $2,214,019 over the last three months. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $552.36 on Wednesday. The firm’s 50 day simple moving average is $549.31 and its 200-day simple moving average is $544.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The firm has a market cap of $59.21 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.91 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date was Monday, July 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%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 27th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price objective 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. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.