OLD National Bancorp IN trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,458 shares of the industrial products company’s stock after selling 182 shares during the period. OLD National Bancorp IN’s holdings in Roper Technologies were worth $2,119,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Akre Capital Management LLC increased its stake in Roper Technologies by 8.8% during the first quarter. Akre Capital Management LLC now owns 1,705,110 shares of the industrial products company’s stock valued at $531,670,000 after acquiring an additional 137,978 shares during the period. Invesco Ltd. increased its stake in Roper Technologies by 25.1% during the first quarter. Invesco Ltd. now owns 1,612,083 shares of the industrial products company’s stock valued at $502,663,000 after acquiring an additional 323,016 shares during the period. Principal Financial Group Inc. increased its stake in Roper Technologies by 16.1% during the first quarter. Principal Financial Group Inc. now owns 1,563,073 shares of the industrial products company’s stock valued at $487,382,000 after acquiring an additional 217,224 shares during the period. Norges Bank acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $324,874,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Roper Technologies by 0.8% during the first quarter. Loomis Sayles & Co. L P now owns 729,942 shares of the industrial products company’s stock valued at $227,603,000 after purchasing an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.
Shares of ROP opened at $423.09 on Wednesday. The company has a market capitalization of $43.92 billion, a P/E ratio of 32.87, a PEG ratio of 3.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.87. Roper Technologies Inc has a one year low of $240.00 and a one year high of $441.03. The business’s 50 day simple moving average is $397.96 and its 200-day simple moving average is $362.92.
Roper Technologies (NYSE:ROP) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.67 by $0.27. The business had revenue of $1.31 billion for 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 revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.07 EPS. On average, sell-side analysts anticipate that Roper Technologies Inc will post 12.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 0.48%. The ex-dividend date was Tuesday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.71%.
In related news, VP John K. Stipancich sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $370.00, for a total value of $1,480,000.00. Following the completion of the transaction, the vice president now owns 38,044 shares in the company, valued at approximately $14,076,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John F. Fort III sold 4,540 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 14,340 shares of the company’s stock, valued at approximately $5,340,646.20. The disclosure for this sale can be found here. Insiders sold a total of 12,040 shares of company stock valued at $4,415,607 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of Roper Technologies in a report on Thursday, May 28th. Barclays lifted their price objective on Roper Technologies from $340.00 to $360.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Oppenheimer reaffirmed a “hold” rating on shares of Roper Technologies in a report on Tuesday. Argus decreased their price objective on Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Wells Fargo & Co decreased their price objective on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Roper Technologies currently has a consensus rating of “Buy” and an average price target of $386.44.
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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