Swiss National Bank lessened its stake in Roper Technologies Inc (NYSE:ROP) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 337,858 shares of the industrial products company’s stock after selling 7,400 shares during the quarter. Swiss National Bank owned 0.33% of Roper Technologies worth $123,744,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $27,000. Coastal Investment Advisors Inc. acquired a new position in shares of Roper Technologies in the 2nd quarter valued at about $30,000. Shamrock Asset Management LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $34,000. Advisory Alpha LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $35,000. Finally, Lenox Wealth Management Inc. lifted its holdings in shares of Roper Technologies by 369.6% in the 1st quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock valued at $37,000 after buying an additional 85 shares during the period. 93.04% of the stock is owned by institutional investors and hedge funds.
In other Roper Technologies news, insider Laurence Neil Hunn sold 47,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the completion of the transaction, the insider now owns 218,866 shares of the company’s stock, valued at $77,644,902.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the transaction, the director now directly owns 12,918 shares of the company’s stock, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. Insiders sold a total of 49,750 shares of company stock valued at $17,659,170 in the last ninety days. 1.90% of the stock is currently owned by insiders.
ROP has been the subject of several analyst reports. Barclays boosted their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Wells Fargo & Co upped their price target on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada set a $393.00 price target on Roper Technologies and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens upped their price target on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Argus upped their price target on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $374.10.
NYSE ROP traded up $7.85 during trading hours on Friday, reaching $357.41. The company’s stock had a trading volume of 376,800 shares, compared to its average volume of 533,958. The firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.43 and a beta of 1.16. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97. The company’s 50-day moving average is $367.53 and its two-hundred day moving average is $346.69.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. Equities analysts forecast that Roper Technologies Inc will post 13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s payout ratio is 15.66%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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