Cetera Investment Advisers lifted its stake in Roper Technologies Inc (NYSE:ROP) by 49.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,351 shares of the industrial products company’s stock after acquiring an additional 780 shares during the period. Cetera Investment Advisers’ holdings in Roper Technologies were worth $541,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Municipal Employees Retirement System of Michigan raised its position in shares of Roper Technologies by 1.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,270 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 50 shares in the last quarter. Teachers Advisors LLC grew its stake in Roper Technologies by 18.2% during the 1st quarter. Teachers Advisors LLC now owns 404,913 shares of the industrial products company’s stock worth $83,610,000 after buying an additional 62,380 shares during the last quarter. Foresters Investment Management Company Inc. grew its stake in Roper Technologies by 0.3% during the 1st quarter. Foresters Investment Management Company Inc. now owns 30,600 shares of the industrial products company’s stock worth $6,319,000 after buying an additional 100 shares during the last quarter. Global X Management Co. LLC grew its stake in Roper Technologies by 29.1% during the 1st quarter. Global X Management Co. LLC now owns 1,993 shares of the industrial products company’s stock worth $412,000 after buying an additional 449 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Roper Technologies during the 1st quarter valued at about $4,317,000. 94.30% of the stock is owned by hedge funds and other institutional investors.
In other Roper Technologies news, Director Christopher Wright sold 1,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the sale, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilbur J. Prezzano sold 2,000 shares of the firm’s stock in a transaction on 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 owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 over the last 90 days. Company insiders own 2.50% of the company’s stock.
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Shares of Roper Technologies Inc (ROP) traded down 0.7307% on Friday, reaching $255.6382. The company had a trading volume of 154,315 shares. The firm has a 50-day moving average price of $245.44 and a 200 day moving average price of $231.93. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 38.2749 and a beta of 1.04. Roper Technologies Inc has a 1-year low of $167.50 and a 1-year high of $257.52.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a net margin of 15.82% and a return on equity of 11.83%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $1.56 EPS. Roper Technologies’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts predict that Roper Technologies Inc will post $9.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is 20.96%.
Several analysts have weighed in on ROP shares. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research note on Tuesday, July 4th. Raymond James Financial, Inc. upped their target price on Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Finally, BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $244.17.
About Roper Technologies
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