Roper Technologies, Inc. (NYSE:ROP) Position Lifted by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,768 shares of the industrial products company’s stock after buying an additional 126 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Roper Technologies were worth $997,000 as of its most recent filing with the SEC.

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

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred 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 transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ROP shares. Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Royal Bank of Canada lifted 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. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. 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 research report on Friday, August 16th. Finally, Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Stock Up 0.2 %

Roper Technologies stock opened at $553.80 on Friday. The stock has a market cap of $59.37 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 2.89 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 company’s 50-day moving average price is $546.48 and its two-hundred day moving average price is $545.52. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

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 net margin of 22.14% and a return on equity of 10.77%. On average, analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 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%.

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.