First Hawaiian Bank Cuts Stake in Roper Technologies, Inc. (NYSE:ROP)

First Hawaiian Bank decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,417 shares of the industrial products company’s stock after selling 41 shares during the period. First Hawaiian Bank’s holdings in Roper Technologies were worth $3,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 18.4% in the 1st quarter. GAMMA Investing LLC now owns 425 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 66 shares in the last quarter. First Financial Bank Trust Division raised its holdings in Roper Technologies by 70.0% during the 1st quarter. First Financial Bank Trust Division now owns 8,541 shares of the industrial products company’s stock valued at $4,790,000 after buying an additional 3,518 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in Roper Technologies by 24.9% during the 1st quarter. Appleton Partners Inc. MA now owns 21,854 shares of the industrial products company’s stock valued at $12,257,000 after buying an additional 4,361 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Roper Technologies during the 4th quarter valued at $490,000. Finally, Quadrature Capital Ltd bought a new stake in Roper Technologies during the 4th quarter valued at $12,812,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.2 %

NYSE:ROP opened at $560.10 on Thursday. The firm’s 50-day moving average price is $535.86 and its 200-day moving average price is $541.44. The company has a market capitalization of $59.95 billion, a PE ratio of 40.65, a P/E/G ratio of 2.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies, Inc. has a 1-year low of $453.17 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $3.90 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $584.82.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

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.