Psagot Investment House Ltd. acquired a new position in shares of Roper Technologies Inc (NYSE:ROP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 420 shares of the industrial products company’s stock, valued at approximately $124,000.
Several other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. lifted its stake in shares of Roper Technologies by 28.6% during the second quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock worth $214,000 after buying an additional 173 shares during the period. Neuburgh Advisers LLC raised its holdings in shares of Roper Technologies by 10.9% during the second quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 176 shares during the last quarter. HL Financial Services LLC raised its holdings in shares of Roper Technologies by 15.8% during the second quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 185 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Roper Technologies by 17.8% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 188 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Roper Technologies by 5.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,702 shares of the industrial products company’s stock worth $1,097,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.
In other news, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction on 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 completion of the acquisition, the director now owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies 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 disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Shares of Roper Technologies stock opened at $296.81 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 1 year low of $252.23 and a 1 year high of $312.65. The firm has a market cap of $30.62 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.
Roper Technologies (NYSE:ROP) last issued its 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 net margin of 22.44% and a return on equity of 16.30%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $2.36 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were issued a $0.4125 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s payout ratio is 17.52%.
Several research analysts recently issued reports on ROP shares. Zacks Investment Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a report on Tuesday, July 31st. Barclays reduced 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 report on Monday, October 29th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Raymond James cut shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $317.82.
TRADEMARK VIOLATION WARNING: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/11/10/psagot-investment-house-ltd-acquires-shares-of-420-roper-technologies-inc-rop.html.
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.
Recommended Story: Fundamental Analysis – How It Helps 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.