Los Angeles Capital Management LLC Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Los Angeles Capital Management LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 76.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 541 shares of the industrial products company's stock after selling 1,715 shares during the period. Los Angeles Capital Management LLC's holdings in Roper Technologies were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. LGT Group Foundation increased its position in Roper Technologies by 4.9% in the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company's stock worth $21,288,000 after buying an additional 1,804 shares during the period. Steward Partners Investment Advisory LLC increased its position in Roper Technologies by 236.1% in 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 buying an additional 5,789 shares during the period. Schwartz Investment Counsel Inc. increased its position in Roper Technologies by 3.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company's stock worth $61,441,000 after buying an additional 3,500 shares during the period. Sequoia Financial Advisors LLC increased its position in Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company's stock worth $2,865,000 after buying an additional 3,660 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Roper Technologies by 42.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company's stock worth $7,986,000 after buying an additional 4,334 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of the business's stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now owns 35,247 shares of the company's stock, valued at $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,500 shares of the company's stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company's stock, valued at $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho increased their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a research note on Monday, April 29th. Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research note on Monday, April 29th. Oppenheimer reissued an "outperform" rating and issued a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Wolfe Research cut Roper Technologies from an "outperform" rating to a "peer perform" rating in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $584.82.

Roper Technologies Stock Performance

ROP traded up $4.52 during midday trading on Thursday, reaching $562.06. The company's stock had a trading volume of 435,625 shares, compared to its average volume of 518,122. The stock has a market cap of $60.16 billion, a P/E ratio of 40.76, a PEG ratio of 2.95 and a beta of 1.01. The company has a fifty day simple moving average of $538.79 and a 200 day simple moving average of $542.31. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $469.61 and a twelve month high of $568.68.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $3.90 EPS. Roper Technologies's revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies's payout ratio is 21.77%.

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.