Amalgamated Bank raised its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,639 shares of the industrial products company’s stock after purchasing an additional 1,361 shares during the period. Amalgamated Bank’s holdings in Roper Technologies were worth $4,109,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ROP. Litman Gregory Asset Management LLC bought a new stake in Roper Technologies during the first quarter valued at $105,000. Jacobi Capital Management LLC grew its position in shares of Roper Technologies by 99.0% during the first quarter. Jacobi Capital Management LLC now owns 386 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 192 shares during the last quarter. Three Peaks Capital Management LLC bought a new position in shares of Roper Technologies during the first quarter worth about $114,000. Signaturefd LLC bought a new position in shares of Roper Technologies during the first quarter worth about $130,000. Finally, Icon Wealth Partners LLC bought a new position in shares of Roper Technologies during the fourth quarter worth about $155,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.
In related news, Director Christopher Wright sold 1,250 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $286.97, for a total value of $358,712.50. Following the completion of the sale, the director now owns 63,300 shares of the company’s stock, valued at $18,165,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman acquired 500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, May 23rd. The stock was bought at an average cost of $278.00 per share, with a total value of $139,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
ROP stock opened at $276.22 on Friday. The stock has a market capitalization of $28.63 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.00 and a beta of 1.07. Roper Technologies Inc has a fifty-two week low of $226.81 and a fifty-two week high of $292.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.63.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.11 earnings per share. analysts anticipate that Roper Technologies Inc will post 11.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 23rd. Investors of record on Monday, July 9th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, July 6th. Roper Technologies’s payout ratio is currently 17.52%.
ROP has been the subject of several recent research reports. Cowen restated a “buy” rating and set a $310.00 price target on shares of Roper Technologies in a research report on Tuesday, March 6th. Zacks Investment Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Robert W. Baird restated a “hold” rating and set a $293.00 price target on shares of Roper Technologies in a research report on Monday, April 23rd. Finally, Barclays upped their price target on shares of Roper Technologies from $285.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Monday, April 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $303.58.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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