Todays Report: The Frontier Capital Management Co. LLC decreases its position in Roper Technologies Inc. (ROP)

The Frontier Capital Management Co. LLC decreases its position in Roper Technologies Inc. (ROP)

Frontier Capital Management Co. LLC decreased its position in shares of Roper Technologies Inc. (NYSE:ROP) by 28.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,835 shares of the company’s stock after selling 123,473 shares during the period. Frontier Capital Management Co. LLC’s holdings in Roper Technologies were worth $53,357,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Roper Technologies during the first quarter worth about $126,000. Checchi Capital Advisers LLC increased its stake in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock worth $169,000 after buying an additional 33 shares in the last quarter. Atria Investments LLC purchased a new stake in Roper Technologies during the second quarter worth about $219,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Roper Technologies by 12.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,227 shares of the company’s stock worth $224,000 after buying an additional 135 shares in the last quarter. Finally, Trellus Management Company LLC purchased a new stake in Roper Technologies during the second quarter worth about $225,000. Institutional investors and hedge funds own 94.58% of the company’s stock.

Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.34% during mid-day trading on Friday, hitting $167.91. The stock had a trading volume of 851,878 shares. The stock has a market cap of $17.02 billion, a P/E ratio of 25.26 and a beta of 0.98. Roper Technologies Inc. has a one year low of $155.79 and a one year high of $195.93. The firm has a 50 day moving average of $176.74 and a 200-day moving average of $174.45.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Friday, October 7th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Wednesday, October 5th. Roper Technologies’s dividend payout ratio is presently 18.05%.

A number of equities research analysts have issued reports on the company. Raymond James Financial Inc. assumed coverage on Roper Technologies in a research note on Wednesday, July 20th. They set a “strong-buy” rating and a $206.00 price target for the company. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price objective on the stock in a research report on Monday, August 1st. RBC Capital Markets reaffirmed an “outperform” rating and set a $196.00 price objective (down from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. Zacks Investment Research cut Roper Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada lowered their price objective on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $191.75.

In related news, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $171.54, for a total transaction of $686,160.00. Following the sale, the director now directly owns 14,038 shares of the company’s stock, valued at $2,408,078.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Humphrey sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $172.70, for a total value of $6,908,000.00. Following the sale, the chief financial officer now directly owns 146,812 shares in the company, valued at $25,354,432.40. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Roper Technologies Company Profile

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

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