Schwartz Investment Counsel Inc. continued to hold its stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the industrial products company’s stock at the end of the first quarter. Schwartz Investment Counsel Inc.’s holdings in Roper Technologies were worth $6,195,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. First Republic Investment Management Inc. raised its stake in shares of Roper Technologies by 14.2% in the fourth quarter. First Republic Investment Management Inc. now owns 119,856 shares of the industrial products company’s stock valued at $21,943,000 after buying an additional 14,929 shares during the last quarter. State Street Corp raised its stake in shares of Roper Technologies by 4.6% in the fourth quarter. State Street Corp now owns 4,421,947 shares of the industrial products company’s stock worth $809,561,000 after buying an additional 195,267 shares during the last quarter. United Services Automobile Association raised its stake in Roper Technologies by 2.9% in the third quarter. United Services Automobile Association now owns 32,379 shares of the industrial products company’s stock worth $5,908,000 after buying an additional 900 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Roper Technologies by 2.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 57,101 shares of the industrial products company’s stock worth $10,454,000 after buying an additional 1,501 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Roper Technologies by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,357 shares of the industrial products company’s stock worth $4,823,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
Roper Technologies, Inc. (ROP) traded up 0.64% during trading on Friday, reaching $232.20. 697,593 shares of the company’s stock traded hands. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 35.84 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $159.28 and a one year high of $233.10. The company has a 50 day moving average of $224.59 and a 200 day moving average of $205.04.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 28th. The industrial products company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.12. Roper Technologies had a return on equity of 12.81% and a net margin of 16.74%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post $9.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s payout ratio is currently 21.60%.
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A number of equities research analysts recently commented on ROP shares. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a report on Thursday, February 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $245.00 price objective on shares of Roper Technologies in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a research report on Monday, May 1st. J P Morgan Chase & Co downgraded shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price objective on the stock. in a research report on Friday, March 24th. Finally, Cowen and Company reissued an “outperform” rating and set a $250.00 price objective (up from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $226.56.
In other news, Director Christopher Wright sold 1,800 shares of the stock in a transaction dated 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 approximately $15,117,984.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.
About Roper Technologies
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