Roper Technologies, Inc. (ROP) Shares Bought by Zurich Insurance Group Ltd FI
Zurich Insurance Group Ltd FI boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 79.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,868 shares of the industrial products company’s stock after acquiring an additional 7,921 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Roper Technologies were worth $4,137,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Sun Life Financial INC boosted its holdings in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in Roper Technologies by 4.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,682 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 67 shares during the period. Bayesian Capital Management LP purchased a new position in Roper Technologies during the 2nd quarter valued at $437,000. Zacks Investment Management raised its holdings in Roper Technologies by 2.6% in the 2nd quarter. Zacks Investment Management now owns 3,349 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 85 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Roper Technologies by 0.3% in the 2nd quarter. Voya Investment Management LLC now owns 368,769 shares of the industrial products company’s stock worth $85,381,000 after purchasing an additional 1,115 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
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ROP has been the subject of several research analyst reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 target price for the company in a research report on Tuesday, July 4th. Raymond James Financial, Inc. lifted their target price on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $244.17.
In other news, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies 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 owns 22,000 shares of the company’s stock, valued at approximately $5,187,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the completion of the transaction, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock valued at $2,754,530. Insiders own 2.50% of the company’s stock.
Shares of Roper Technologies, Inc. (ROP) traded up 0.042% on Tuesday, reaching $247.905. 26,137 shares of the company were exchanged. The company’s 50-day moving average is $235.57 and its 200-day moving average is $226.67. The company has a market capitalization of $25.34 billion, a price-to-earnings ratio of 37.117 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $248.59.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.02. The company 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 firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 earnings per share. On average, equities analysts expect that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 5th. Roper Technologies’s payout ratio is 20.96%.
Roper Technologies Company Profile
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