Marshall Wace North America L.P. lifted its position in shares of Roper Technologies Inc (NYSE:ROP) by 193.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,374 shares of the industrial products company’s stock after purchasing an additional 2,225 shares during the quarter. Marshall Wace North America L.P.’s holdings in Roper Technologies were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in Roper Technologies by 291.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 90 shares of the industrial products company’s stock valued at $32,000 after buying an additional 67 shares in the last quarter. NewSquare Capital LLC grew its position in Roper Technologies by 316.7% in the fourth quarter. NewSquare Capital LLC now owns 100 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 76 shares during the period. Allred Capital Management LLC acquired a new position in Roper Technologies during the fourth quarter worth $36,000. Horizon Bancorp Inc. IN acquired a new position in Roper Technologies during the fourth quarter worth $38,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of Roper Technologies during the fourth quarter valued at $50,000. 91.93% of the stock is currently owned by institutional investors.
Shares of Roper Technologies stock opened at $285.18 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.75 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.94 and a beta of 1.10. Roper Technologies Inc has a 1-year low of $240.00 and a 1-year high of $395.00. The firm’s 50-day moving average price is $350.91 and its two-hundred day moving average price is $353.79.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $3.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.34 by $0.05. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Roper Technologies had a net margin of 32.94% and a return on equity of 15.85%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share. As a group, equities research analysts predict that Roper Technologies Inc will post 13.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.5125 per share. This represents a $2.05 annualized dividend and a yield of 0.72%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, April 7th. Roper Technologies’s dividend payout ratio is currently 15.71%.
Several brokerages have recently commented on ROP. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Co dropped their target price on shares of Roper Technologies from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Cowen lifted their price target on shares of Roper Technologies from to and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays restated a “hold” rating and issued a $368.00 price target on shares of Roper Technologies in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $387.00.
In other Roper Technologies news, Director Christopher Wright sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $268.11, for a total transaction of $804,330.00. Following the sale, the director now directly owns 53,524 shares of the company’s stock, valued at $14,350,319.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
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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