Los Angeles Capital Management & Equity Research Inc. Buys 13,150 Shares of Roper Technologies, Inc. (ROP)

Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 36.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,554 shares of the industrial products company’s stock after purchasing an additional 13,150 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Roper Technologies were worth $12,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after acquiring an additional 354,064 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after acquiring an additional 57,035 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Roper Technologies by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after acquiring an additional 10,548 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Roper Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after acquiring an additional 5,279 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Roper Technologies by 5.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,002,174 shares of the industrial products company’s stock worth $232,033,000 after acquiring an additional 54,477 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

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In other news, Director Christopher Wright sold 500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total value of $118,520.00. Following the sale, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the sale, the director now directly owns 14,038 shares in the company, valued at $3,643,001.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,750 shares of company stock worth $2,681,690. 2.50% of the stock is owned by insiders.

ROP has been the topic of several recent analyst reports. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Cowen and Company reissued a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Royal Bank Of Canada boosted their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $253.67.

Roper Technologies, Inc. (ROP) opened at $256.50 on Friday. Roper Technologies, Inc. has a one year low of $179.96 and a one year high of $261.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. The company has a market cap of $26,142.28, a PE ratio of 29.80, a PEG ratio of 2.22 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. research analysts anticipate that Roper Technologies, Inc. will post 9.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is 20.32%.

Roper Technologies Profile

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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