Roper Technologies, Inc. (ROP) Shares Bought by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,900 shares of the industrial products company’s stock after buying an additional 150 shares during the period. Daiwa Securities Group Inc.’s holdings in Roper Technologies were worth $671,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in ROP. Motco boosted its stake in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $118,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after buying an additional 51 shares during the period. Finally, Creative Planning boosted its stake in shares of Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock worth $148,000 after buying an additional 51 shares during the period. 96.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 229.54 on Friday. The firm’s 50-day moving average price is $233.98 and its 200-day moving average price is $218.33. The firm has a market capitalization of $23.46 billion, a PE ratio of 34.37 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during 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 business’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 earnings per share. On average, equities analysts predict that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.
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A number of analysts recently issued reports on the company. Cowen and Company reissued an “outperform” rating and issued a $250.00 target price (up from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Stifel Nicolaus reissued a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. upped their target price on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $238.42.
In other news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the transaction, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Insiders have sold 5,800 shares of company stock valued at $1,353,200 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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