Atria Investments LLC lifted its stake in Roper Technologies Inc (NYSE:ROP) by 40.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,910 shares of the industrial products company’s stock after purchasing an additional 1,699 shares during the quarter. Atria Investments LLC’s holdings in Roper Technologies were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in Roper Technologies by 28.6% in the 2nd quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 173 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in Roper Technologies by 10.9% in the 2nd quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 176 shares during the last quarter. Trust Co raised its holdings in Roper Technologies by 12.8% in the 1st quarter. Trust Co now owns 1,600 shares of the industrial products company’s stock worth $449,000 after acquiring an additional 182 shares during the last quarter. HL Financial Services LLC raised its holdings in Roper Technologies by 15.8% in the 2nd quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after acquiring an additional 185 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Roper Technologies by 1.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 14,612 shares of the industrial products company’s stock worth $4,032,000 after acquiring an additional 193 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on ROP shares. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Argus boosted their price objective on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price objective for the company in a report on Monday, July 30th. Cowen restated a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a report on Friday, September 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $313.50.
Shares of ROP opened at $279.17 on Friday. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.09 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 0.66. Roper Technologies Inc has a 1-year low of $248.03 and a 1-year high of $312.65.
Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.19. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.25 billion. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.24 EPS. Sell-side analysts expect that Roper Technologies Inc will post 11.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be paid a dividend of $0.4125 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 17.52%.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $299.78, for a total transaction of $1,498,900.00. Following the completion of the sale, the vice president now directly owns 19,205 shares in the company, valued at approximately $5,757,274.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of $299.50 per share, with a total value of $149,750.00. Following the completion of the purchase, the director now owns 52,465 shares in the company, valued at approximately $15,713,267.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,750 shares of company stock valued at $2,616,258. Company insiders own 2.30% of the company’s stock.
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.
Recommended Story: Stop Order Uses For Individual Investors
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.