Starfire Investment Advisers Inc. Has $254,000 Position in Roper Technologies, Inc. (ROP)
Starfire Investment Advisers Inc. continued to hold its stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the industrial products company’s stock at the end of the second quarter. Starfire Investment Advisers Inc.’s holdings in Roper Technologies were worth $254,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Motco raised 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 valued at $101,000 after buying an additional 387 shares in the last quarter. Independent Portfolio Consultants Inc. raised 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 valued at $116,000 after buying an additional 313 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Roper Technologies during the first quarter valued at approximately $118,000. Northwestern Mutual Wealth Management Co. raised 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 valued at $129,000 after buying an additional 51 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares in the last quarter. 96.93% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies, Inc. (ROP) opened at 229.54 on Friday. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49. The company has a 50-day moving average price of $233.98 and a 200-day moving average price of $218.33. The stock has a market cap of $23.46 billion, a price-to-earnings ratio of 34.37 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. Roper Technologies’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Roper Technologies, Inc. will post $9.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.61%. Roper Technologies’s dividend payout ratio is presently 20.96%.
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ROP has been the subject of several analyst reports. Cowen and Company reiterated an “outperform” rating and set a $250.00 price objective (up previously from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Barclays PLC increased their price objective on Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $238.42.
In other Roper Technologies news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 22,000 shares in the company, valued at $5,187,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction on Friday, June 9th. The shares were 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 owns 66,104 shares of the company’s stock, valued at approximately $15,117,984.80. The disclosure for this sale can be found here. Insiders sold 5,800 shares of company stock valued at $1,353,200 in the last 90 days. 2.50% of the stock is currently owned by insiders.
About Roper Technologies
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