Roper Technologies, Inc. (ROP) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,382,154 shares of the industrial products company’s stock after selling 24,194 shares during the period. Goldman Sachs Group Inc. owned about 1.35% of Roper Technologies worth $285,401,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Motco raised its position in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares in the last quarter. Private Advisor Group LLC bought a new position in Roper Technologies during the first quarter valued at about $118,000. Northwestern Mutual Wealth Management Co. raised its position in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares in the last quarter. Quadrant Capital Group LLC raised its position in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares in the last quarter. Finally, Creative Planning raised its position in Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares in the last quarter. 96.89% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies, Inc. (NYSE:ROP) traded up 0.16% during midday trading on Friday, hitting $232.34. The company’s stock had a trading volume of 474,391 shares. The company’s 50-day moving average is $233.01 and its 200 day moving average is $215.14. The company has a market cap of $23.71 billion, a price-to-earnings ratio of 35.86 and a beta of 1.05. Roper Technologies, Inc. has a one year low of $167.50 and a one year high of $238.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 28th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.12. Roper Technologies had a return on equity of 12.81% and a net margin of 16.74%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that Roper Technologies, Inc. will post $9.21 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio is currently 21.60%.

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A number of brokerages have weighed in on ROP. BidaskClub lowered Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Raymond James Financial, Inc. boosted their target price on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $232.09.

In related news, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the transaction, the director now directly owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Roper Technologies Company Profile

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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