Parsons Capital Management Inc. RI Has $6.15 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Parsons Capital Management Inc. RI raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,903 shares of the industrial products company’s stock after acquiring an additional 165 shares during the period. Parsons Capital Management Inc. RI’s holdings in Roper Technologies were worth $6,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. Norges Bank bought a new position in shares of Roper Technologies during the fourth quarter worth $756,176,000. First Trust Advisors LP increased its stake in shares of Roper Technologies by 149.7% during the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after purchasing an additional 220,006 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Roper Technologies by 32.8% in the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after purchasing an additional 211,967 shares during the period. Wellington Management Group LLP lifted its position in shares of Roper Technologies by 134.5% in the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after buying an additional 156,468 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after purchasing an additional 125,387 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE:ROP traded up $1.38 during trading hours on Monday, hitting $549.88. The stock had a trading volume of 273,941 shares, compared to its average volume of 519,198. The company has a 50 day simple moving average of $550.81 and a two-hundred day simple moving average of $544.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The firm has a market capitalization of $58.86 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Research analysts forecast that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s payout ratio is 21.77%.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the business’s 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 owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,940 shares of company stock valued at $2,214,019. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer decreased 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 note on Thursday, July 25th. Barclays boosted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Mizuho lifted their price target 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. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $607.50.

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.