Roper Technologies, Inc. (ROP) Position Raised by Advisor Partners LLC
Advisor Partners LLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 19.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,701 shares of the industrial products company’s stock after buying an additional 281 shares during the period. Advisor Partners LLC’s holdings in Roper Technologies were worth $394,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in ROP. TD Asset Management Inc. boosted its position in Roper Technologies by 0.5% in the second quarter. TD Asset Management Inc. now owns 176,180 shares of the industrial products company’s stock valued at $40,791,000 after buying an additional 826 shares during the period. Palisade Capital Management LLC NJ boosted its position in Roper Technologies by 69.4% in the second quarter. Palisade Capital Management LLC NJ now owns 13,740 shares of the industrial products company’s stock valued at $3,181,000 after buying an additional 5,628 shares during the period. Retirement Systems of Alabama boosted its position in Roper Technologies by 0.5% in the second quarter. Retirement Systems of Alabama now owns 49,471 shares of the industrial products company’s stock valued at $11,454,000 after buying an additional 227 shares during the period. Korea Investment CORP boosted its position in Roper Technologies by 17.8% in the second quarter. Korea Investment CORP now owns 110,042 shares of the industrial products company’s stock valued at $25,478,000 after buying an additional 16,653 shares during the period. Finally, Welch & Forbes LLC boosted its position in Roper Technologies by 1.8% in the second quarter. Welch & Forbes LLC now owns 142,350 shares of the industrial products company’s stock valued at $32,959,000 after buying an additional 2,546 shares during the period. Institutional investors and hedge funds own 96.93% of the company’s stock.
Shares of Roper Technologies, Inc. (ROP) opened at 234.51 on Thursday. The company has a 50-day moving average price of $234.16 and a 200-day moving average price of $217.94. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $238.49. The firm has a market cap of $23.94 billion, a price-to-earnings ratio of 35.11 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. Analysts forecast that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were issued a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is currently 20.96%.
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Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. lifted their price objective on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a report on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus price target of $238.42.
In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the transaction, the director now owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.
Roper Technologies Company Profile
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