Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Roper Technologies Inc (NYSE:ROP) by 48.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 959 shares of the industrial products company’s stock after selling 900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Roper Technologies were worth $284,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. grew its position in shares of Roper Technologies by 28.6% during the 2nd quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 173 shares during the period. Neuburgh Advisers LLC grew its position in shares of Roper Technologies by 10.9% during the 2nd quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 176 shares during the period. Trust Co grew its position in shares of Roper Technologies by 12.8% during the 1st quarter. Trust Co now owns 1,600 shares of the industrial products company’s stock valued at $449,000 after acquiring an additional 182 shares during the period. HL Financial Services LLC grew its position in shares of Roper Technologies by 15.8% during the 2nd quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 185 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in shares of Roper Technologies by 1.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 14,612 shares of the industrial products company’s stock valued at $4,032,000 after acquiring an additional 193 shares during the period. 92.38% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Argus boosted their price objective on shares of Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. downgraded shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a research report on Friday, September 21st. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday. Raymond James downgraded shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $317.82.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman purchased 500 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was bought at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the purchase, the director now owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
Shares of Roper Technologies stock opened at $284.06 on Friday. The firm has a market capitalization of $29.10 billion, a P/E ratio of 30.15, a PEG ratio of 1.95 and a beta of 1.11. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Roper Technologies Inc has a fifty-two week low of $252.23 and a fifty-two week high of $312.65.
Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.15. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. Roper Technologies’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS. On average, sell-side analysts forecast that Roper Technologies Inc will post 11.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 8th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 4th. Roper Technologies’s dividend payout ratio is currently 17.52%.
Roper Technologies Company 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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