Harvest Fund Management Co. Ltd acquired a new stake in Roper Technologies Inc (NYSE:ROP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 427 shares of the industrial products company’s stock, valued at approximately $126,000.
Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $1,127,000. Tower Research Capital LLC TRC increased its position in Roper Technologies by 229.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 647 shares during the period. Highland Capital Management LP acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $8,677,000. Global X Management Co LLC increased its position in Roper Technologies by 8.9% during the 2nd quarter. Global X Management Co LLC now owns 2,658 shares of the industrial products company’s stock valued at $733,000 after purchasing an additional 217 shares during the period. Finally, New England Research & Management Inc. acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $222,000. 92.38% of the stock is owned by institutional investors.
A number of analysts have weighed in on ROP shares. Zacks Investment Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a research report on Tuesday, July 31st. Barclays decreased their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $317.82.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was 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 purchased 500 shares of the business’s stock in a transaction on Friday, September 14th. The shares were acquired at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the acquisition, the director now directly owns 52,965 shares in the company, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.
Roper Technologies stock opened at $285.28 on Friday. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Roper Technologies Inc has a 52-week low of $252.23 and a 52-week high of $312.65. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, topping 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 return on equity of 16.30% and a net margin of 22.44%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.36 EPS. As a group, sell-side analysts forecast that Roper Technologies Inc will post 11.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 4th. Roper Technologies’s payout ratio is 17.52%.
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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