First National Trust Co raised its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 35.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,241 shares of the industrial products company’s stock after acquiring an additional 1,366 shares during the period. First National Trust Co’s holdings in Roper Technologies were worth $1,552,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Roper Technologies during the second quarter worth about $1,127,000. Tower Research Capital LLC TRC grew its position in Roper Technologies by 229.4% during the second quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock worth $256,000 after buying an additional 647 shares in the last quarter. Global X Management Co LLC lifted its stake in Roper Technologies by 8.9% during the second quarter. Global X Management Co LLC now owns 2,658 shares of the industrial products company’s stock worth $733,000 after purchasing an additional 217 shares during the last quarter. Highland Capital Management LP bought a new stake in Roper Technologies during the second quarter worth about $8,677,000. Finally, New England Research & Management Inc. bought a new stake in Roper Technologies during the third quarter worth about $222,000. Institutional investors and hedge funds own 92.38% of the company’s stock.
In related news, Director Richard F. Wallman bought 500 shares of the stock in a transaction dated Friday, September 14th. The stock was bought at an average price of $312.35 per share, with a total value of $156,175.00. Following the purchase, the director now owns 52,965 shares in the company, valued at approximately $16,543,617.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Shares of ROP stock opened at $284.06 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.66. Roper Technologies Inc has a 12-month low of $252.23 and a 12-month high of $312.65. The stock has a market cap of $29.10 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.95 and a beta of 1.11.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 22nd. Stockholders of record on Monday, October 8th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, October 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
Several equities research analysts have issued reports on ROP shares. JPMorgan Chase & Co. lowered Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price target for the company. in a research note on Friday, September 21st. Raymond James lowered Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target for the company in a research note on Monday, July 30th. Argus lifted their price target on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average price target of $317.82.
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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