Cambridge Advisors Inc. Continues to Hold Stake in Roper Technologies Inc (ROP)
Cambridge Advisors Inc. continued to hold its position in shares of Roper Technologies Inc (NYSE:ROP) during the first quarter, Holdings Channel reports. The fund owned 2,670 shares of the industrial products company’s stock at the end of the first quarter. Cambridge Advisors Inc.’s holdings in Roper Technologies were worth $551,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Creative Planning raised its position in shares of Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the industrial products company’s stock worth $118,000 after buying an additional 361 shares during the period. TLP Group LLC acquired a new position in shares of Roper Technologies during the third quarter worth about $127,000. NN Investment Partners Holdings N.V. raised its position in shares of Roper Technologies by 16.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 699 shares of the industrial products company’s stock worth $128,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC raised its position in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares during the period. Finally, Trust Co acquired a new position in shares of Roper Technologies during the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.
Shares of Roper Technologies Inc (NYSE:ROP) traded up 1.08% on Thursday, reaching $208.84. The company’s stock had a trading volume of 262,134 shares. The stock has a market capitalization of $21.28 billion, a P/E ratio of 32.48 and a beta of 0.87. Roper Technologies Inc has a 1-year low of $159.28 and a 1-year high of $214.44. The company has a 50 day moving average of $208.95 and a 200 day moving average of $191.31.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, February 9th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.02. Roper Technologies had a return on equity of 11.97% and a net margin of 17.38%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that Roper Technologies Inc will post $9.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, April 7th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.40 annualized dividend and a yield of 0.67%. Roper Technologies’s payout ratio is currently 21.77%.
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A number of brokerages have weighed in on ROP. Royal Bank of Canada restated a “buy” rating and issued a $214.00 price objective on shares of Roper Technologies in a report on Thursday, January 5th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, January 3rd. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price objective on the stock in a report on Thursday, February 23rd. Barclays PLC restated a “buy” rating and issued a $221.00 price objective on shares of Roper Technologies in a report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. lowered Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a report on Friday, March 24th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $218.10.
In related news, Director Christopher Wright sold 2,500 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $214.26, for a total value of $535,650.00. Following the completion of the transaction, the director now directly owns 63,904 shares in the company, valued at $13,692,071.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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