Bank of New York Mellon Corp cut its stake in Roper Technologies Inc (NYSE:ROP) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 784,112 shares of the industrial products company’s stock after selling 1,583 shares during the period. Bank of New York Mellon Corp owned approximately 0.76% of Roper Technologies worth $216,344,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Roper Technologies in the second quarter worth approximately $1,127,000. Tower Research Capital LLC TRC boosted its position in shares of Roper Technologies by 229.4% in the second quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 647 shares during the last quarter. Highland Capital Management LP acquired a new stake in shares of Roper Technologies in the second quarter worth approximately $8,677,000. Global X Management Co LLC boosted its position in shares of Roper Technologies by 8.9% in the second quarter. Global X Management Co LLC now owns 2,658 shares of the industrial products company’s stock worth $733,000 after acquiring an additional 217 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Roper Technologies by 15.6% in the second quarter. OppenheimerFunds Inc. now owns 110,941 shares of the industrial products company’s stock worth $30,610,000 after acquiring an additional 14,971 shares during the last quarter. 92.38% of the stock is currently owned by institutional investors and hedge funds.
In other 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 transaction of $223,777.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman bought 500 shares of Roper Technologies stock in a transaction dated Friday, September 14th. The shares were purchased at an average cost of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the transaction, the director now owns 52,965 shares of the company’s stock, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
Shares of ROP stock opened at $285.28 on Friday. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76. 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 announced its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. Roper Technologies’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 earnings per share. As a group, equities research analysts anticipate that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 17.52%.
ROP has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price on the stock. in a research report on Friday, September 21st. Raymond James cut 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. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target on the stock in a research report on Monday, July 30th. Argus lifted their price target 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. Finally, ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Roper Technologies has an average rating of “Buy” and an average price target of $317.82.
About Roper Technologies
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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