Robeco Institutional Asset Management B.V. increased its stake in Roper Technologies Inc (NYSE:ROP) by 9.0% in the first quarter, Holdings Channel reports. The institutional investor owned 20,103 shares of the industrial products company’s stock after acquiring an additional 1,668 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Roper Technologies were worth $6,874,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ROP. 1832 Asset Management L.P. boosted its holdings in shares of Roper Technologies by 4,097.3% during the fourth quarter. 1832 Asset Management L.P. now owns 38,825 shares of the industrial products company’s stock valued at $10,345,000 after acquiring an additional 37,900 shares during the period. Dubuque Bank & Trust Co. acquired a new position in shares of Roper Technologies during the first quarter valued at $274,000. APG Asset Management N.V. acquired a new position in shares of Roper Technologies during the fourth quarter valued at $3,171,000. PFG Advisors acquired a new position in shares of Roper Technologies during the fourth quarter valued at $2,842,000. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Roper Technologies by 0.9% during the fourth quarter. Congress Asset Management Co. MA now owns 191,784 shares of the industrial products company’s stock valued at $51,114,000 after acquiring an additional 1,802 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.
NYSE ROP opened at $351.63 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10. The stock has a market cap of $36.75 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.20 and a beta of 1.21. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $363.85.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.52. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 EPS. On average, sell-side analysts expect that Roper Technologies Inc will post 12.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.85 annualized dividend and a yield of 0.53%. Roper Technologies’s payout ratio is presently 15.66%.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $326.11, for a total transaction of $244,582.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wilbur J. Prezzano sold 6,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total value of $1,869,660.00. Following the transaction, the director now directly owns 20,206 shares in the company, valued at approximately $6,296,391.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $2,688,470. Corporate insiders own 2.30% of the company’s stock.
Several brokerages have recently issued reports on ROP. Stephens boosted their price target on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Raymond James lifted their price objective on shares of Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Argus lifted their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Finally, Oppenheimer lifted their price objective on shares of Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $349.90.
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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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