Kingfisher Capital LLC Sells 80 Shares of Roper Technologies, Inc. (NYSE:ROP)

Kingfisher Capital LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,509 shares of the industrial products company’s stock after selling 80 shares during the quarter. Roper Technologies comprises approximately 1.3% of Kingfisher Capital LLC’s holdings, making the stock its 26th largest holding. Kingfisher Capital LLC’s holdings in Roper Technologies were worth $5,360,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the first quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $27,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies in the second quarter valued at $28,000. OFI Invest Asset Management bought a new position in Roper Technologies in the first quarter worth $29,000. Finally, Versant Capital Management Inc increased its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.0 %

ROP opened at $551.98 on Wednesday. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The stock has a market capitalization of $59.17 billion, a PE ratio of 31.73, a PEG ratio of 2.92 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $547.58 and a two-hundred day moving average price of $545.52.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Activity at Roper Technologies

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 stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $616.00.

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.