WINTON GROUP Ltd increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 47.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,620 shares of the industrial products company’s stock after purchasing an additional 3,077 shares during the period. WINTON GROUP Ltd’s holdings in Roper Technologies were worth $2,227,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ROP. BlackRock Inc. boosted its stake in shares of Roper Technologies by 2,678.8% during the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after purchasing an additional 7,689,856 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock valued at $210,649,000 after purchasing an additional 687,588 shares during the period. Vanguard Group Inc. lifted its stake in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after acquiring an additional 479,056 shares during the period. Renaissance Technologies LLC purchased a new stake in Roper Technologies in the first quarter worth about $76,360,000. Finally, State Street Corp lifted its stake in Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after acquiring an additional 203,844 shares during the period. Institutional investors and hedge funds own 94.30% of the company’s stock.
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In other news, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the sale, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $471,600.00. Following the sale, the director now directly owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,500 shares of company stock worth $2,754,530. 2.50% of the stock is owned by insiders.
Shares of Roper Technologies, Inc. (NYSE:ROP) traded down 1.004% during trading on Friday, reaching $254.935. 67,157 shares of the company traded hands. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of 38.170 and a beta of 1.04. The stock’s 50 day moving average is $245.44 and its 200 day moving average is $231.93. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $257.52.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts forecast that Roper Technologies, Inc. will post $9.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.
A number of analysts recently weighed in on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a research note on Monday, October 2nd. JPMorgan Chase & Co. raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Oppenheimer Holdings, Inc. boosted their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $244.17.
Roper Technologies Company Profile
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