Securian Asset Management Inc. Sells 123 Shares of Roper Technologies, Inc. (NYSE:ROP)

Securian Asset Management Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the second quarter, Holdings Channel.com reports. The fund owned 6,215 shares of the industrial products company’s stock after selling 123 shares during the quarter. Securian Asset Management Inc.’s holdings in Roper Technologies were worth $3,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Symphony Financial Ltd. Co. lifted its position in shares of Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 19 shares during the period. Beaumont Financial Advisors LLC boosted its position in Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the last quarter. Legacy Private Trust Co. raised its position in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 20 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Roper Technologies by 3.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 20 shares during the period. Finally, Covestor Ltd boosted its position in shares of Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ROP shares. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Mizuho boosted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays increased their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $604.33.

Roper Technologies Price Performance

Roper Technologies stock traded down $6.12 during midday trading on Monday, reaching $520.66. 109,854 shares of the stock were exchanged, compared to its average volume of 522,211. The company’s fifty day moving average is $552.19 and its 200-day moving average is $544.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The firm has a market cap of $55.73 billion, a PE ratio of 38.23, a PEG ratio of 2.72 and a beta of 1.02.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is 21.77%.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on 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 transaction, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. Insiders sold a total of 3,940 shares of company stock worth $2,214,019 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

About Roper Technologies

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.