American Century Companies Inc. Increases Position in Roper Technologies, Inc. (ROP)
American Century Companies Inc. boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,292,795 shares of the industrial products company’s stock after buying an additional 10,548 shares during the period. American Century Companies Inc. owned approximately 1.26% of Roper Technologies worth $314,666,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ROP. Janus Henderson Group PLC boosted its stake in Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock valued at $210,649,000 after buying an additional 687,588 shares during the last quarter. Vanguard Group Inc. boosted its stake in Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after buying an additional 354,064 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Roper Technologies during the second quarter valued at approximately $43,067,000. Ardevora Asset Management LLP bought a new position in Roper Technologies during the second quarter valued at approximately $36,767,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Roper Technologies by 91.4% during the second quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock valued at $71,488,000 after buying an additional 147,465 shares during the last quarter. 94.13% of the stock is owned by institutional investors.
In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total value of $1,038,040.00. Following the completion of the sale, the director now owns 14,038 shares of the company’s stock, valued at approximately $3,643,001.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the sale, the vice president now directly owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $3,792,570 in the last three months. Insiders own 2.50% of the company’s stock.
Several research firms have recently issued reports on ROP. Robert W. Baird raised their price objective on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Oppenheimer Holdings, Inc. raised their price objective on Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Royal Bank Of Canada raised their price objective on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average target price of $249.15.
Shares of Roper Technologies, Inc. (ROP) traded up $0.10 during trading hours on Monday, hitting $258.16. The stock had a trading volume of 69,655 shares, compared to its average volume of 358,080. Roper Technologies, Inc. has a twelve month low of $169.42 and a twelve month high of $261.07. The stock has a market cap of $26,378.81, a P/E ratio of 30.11, a PEG ratio of 2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. sell-side analysts forecast that Roper Technologies, Inc. will post 9.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s payout ratio is 20.32%.
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About Roper Technologies
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