NEXT Financial Group Inc cut its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 851 shares of the industrial products company’s stock after selling 106 shares during the period. NEXT Financial Group Inc’s holdings in Roper Technologies were worth $330,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in Roper Technologies during the first quarter worth $31,000. Bartlett & Co. LLC bought a new stake in Roper Technologies during the first quarter worth $41,000. Ameritas Investment Company LLC lifted its stake in Roper Technologies by 750.0% during the first quarter. Ameritas Investment Company LLC now owns 136 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 120 shares during the last quarter. Arden Trust Co bought a new stake in Roper Technologies during the first quarter worth $44,000. Finally, Allred Capital Management LLC lifted its stake in Roper Technologies by 57.4% during the first quarter. Allred Capital Management LLC now owns 159 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.
NYSE ROP opened at $423.09 on Wednesday. The company has a market capitalization of $44.17 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.25 and a beta of 1.06. Roper Technologies Inc has a twelve month low of $240.00 and a twelve month high of $441.03. The stock has a fifty day simple moving average of $397.96 and a 200 day simple moving average of $362.92. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.49.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.67 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. Roper Technologies’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.07 earnings per share. Research analysts expect that Roper Technologies Inc will post 12.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a dividend of $0.5125 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.05 dividend on an annualized basis and a yield of 0.48%. Roper Technologies’s payout ratio is currently 15.71%.
In other Roper Technologies news, Director John F. Fort III sold 4,540 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $372.43, for a total transaction of $1,690,832.20. Following the completion of the sale, the director now directly owns 14,340 shares in the company, valued at approximately $5,340,646.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 4,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $370.00, for a total value of $1,480,000.00. Following the sale, the vice president now owns 38,044 shares of the company’s stock, valued at $14,076,280. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,040 shares of company stock valued at $4,415,607. Company insiders own 0.86% of the company’s stock.
A number of research analysts have recently commented on the company. Oppenheimer reiterated a “hold” rating on shares of Roper Technologies in a research note on Tuesday. Wells Fargo & Co dropped their price target on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Royal Bank of Canada reiterated a “buy” rating on shares of Roper Technologies in a research note on Thursday, May 28th. Barclays increased their price target on Roper Technologies from $340.00 to $360.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Argus dropped their price target on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $386.44.
About Roper Technologies
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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