Taylor Wealth Management Partners Has $9 Million Stake in Roper Technologies, Inc. (ROP)

Taylor Wealth Management Partners reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,864 shares of the industrial products company’s stock after selling 530 shares during the period. Roper Technologies makes up 4.1% of Taylor Wealth Management Partners’ holdings, making the stock its 7th largest position. Taylor Wealth Management Partners’ holdings in Roper Technologies were worth $8,998,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Motco boosted its position in shares of 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 during the period. Independent Portfolio Consultants Inc. boosted its position in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the period. Private Advisor Group LLC acquired a new position in shares of Roper Technologies during the first quarter valued at about $118,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 96.93% of the company’s stock.

Shares of Roper Technologies, Inc. (ROP) opened at 229.54 on Friday. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The firm has a 50-day moving average of $233.98 and a 200-day moving average of $218.33. The firm has a market capitalization of $23.46 billion, a PE ratio of 34.37 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post $9.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, July 5th. Roper Technologies’s payout ratio is currently 20.96%.

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Several equities analysts have issued reports on ROP shares. Raymond James Financial, Inc. upped their price target on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a research report on Monday, May 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $238.42.

In other news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $228.70, for a total value of $411,660.00. Following the sale, the director now directly owns 66,104 shares of the company’s stock, valued at approximately $15,117,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,800 shares of company stock worth $1,353,200. Insiders own 2.50% of the company’s stock.

Roper Technologies Company Profile

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

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