Roper Technologies Inc (ROP) Stake Boosted by Marshall Wace North America L.P.
Marshall Wace North America L.P. lifted its stake in Roper Technologies Inc (NYSE:ROP) by 32.7% in the 3rd quarter, Holdings Channel reports. The firm owned 507,364 shares of the industrial products company’s stock after buying an additional 124,939 shares during the quarter. Roper Technologies makes up 1.0% of Marshall Wace North America L.P.’s holdings, making the stock its 24th largest holding. Marshall Wace North America L.P.’s holdings in Roper Technologies were worth $150,286,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Roper Technologies during the 2nd quarter valued at $113,000. Janney Montgomery Scott LLC grew its holdings in shares of Roper Technologies by 8.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,428 shares of the industrial products company’s stock valued at $1,774,000 after acquiring an additional 477 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Roper Technologies by 28.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,927 shares of the industrial products company’s stock valued at $531,000 after acquiring an additional 429 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Roper Technologies by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 412,042 shares of the industrial products company’s stock valued at $113,686,000 after acquiring an additional 47,931 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Roper Technologies during the 2nd quarter valued at $207,000. 91.26% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. JPMorgan Chase & Co. cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a report on Friday, September 21st. Barclays decreased their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Finally, Stephens started coverage on shares of Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $319.08.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.36 EPS. As a group, sell-side analysts expect that Roper Technologies Inc will post 11.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.4625 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a yield of 0.64%. Roper Technologies’s payout ratio is currently 17.52%.
In other news, Director Robert E. Knowling, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $286.07, for a total transaction of $286,070.00. Following the completion of the transaction, the director now owns 13,038 shares of the company’s stock, valued at $3,729,780.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were bought at an average cost of $312.35 per share, with a total value of $156,175.00. Following the transaction, the director now directly owns 52,965 shares of the company’s stock, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. In the last three months, insiders have sold 2,350 shares of company stock valued at $689,375. Company insiders own 2.30% of the company’s stock.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
Featured Article: What is a Tariff?
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.