Sei Investments Co. raised its holdings in Roper Technologies Inc (NYSE:ROP) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,413 shares of the industrial products company’s stock after purchasing an additional 8,284 shares during the quarter. Sei Investments Co. owned 0.09% of Roper Technologies worth $25,223,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of ROP. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at $70,394,000. ProShare Advisors LLC boosted its holdings in shares of Roper Technologies by 1,767.3% in the 1st quarter. ProShare Advisors LLC now owns 267,263 shares of the industrial products company’s stock valued at $75,018,000 after purchasing an additional 252,950 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Roper Technologies by 22,663.3% in the 1st quarter. Summit Trail Advisors LLC now owns 242,202 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 241,138 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Roper Technologies by 1.9% in the 1st quarter. BlackRock Inc. now owns 7,143,959 shares of the industrial products company’s stock valued at $2,005,238,000 after purchasing an additional 135,278 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Roper Technologies by 103.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 230,683 shares of the industrial products company’s stock valued at $64,750,000 after purchasing an additional 117,562 shares in the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on ROP shares. Robert W. Baird reaffirmed a “hold” rating and issued a $293.00 target price on shares of Roper Technologies in a report on Monday, April 23rd. Barclays raised their target price on Roper Technologies from $285.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, April 23rd. JPMorgan Chase & Co. raised their target price on Roper Technologies from $303.00 to $305.00 and gave the company an “overweight” rating in a report on Tuesday, April 24th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Zacks Investment Research downgraded Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $313.50.
Roper Technologies opened at $293.25 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. Roper Technologies Inc has a twelve month low of $227.31 and a twelve month high of $312.38. The firm has a market cap of $30.54 billion, a P/E ratio of 27.98, a PEG ratio of 2.08 and a beta of 1.14.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $2.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.19. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $2.24 EPS. Roper Technologies’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts forecast that Roper Technologies Inc will post 11.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 23rd. Investors of record on Monday, July 9th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, July 6th. Roper Technologies’s dividend payout ratio (DPR) is 17.52%.
In related news, Director Richard F. Wallman bought 500 shares of the stock in a transaction that occurred on Wednesday, May 23rd. The stock was acquired at an average cost of $278.00 per share, with a total value of $139,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $299.78, for a total value of $1,498,900.00. Following the transaction, the vice president now directly owns 19,205 shares of the company’s stock, valued at $5,757,274.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,250 shares of company stock worth $2,751,193. 2.30% of the stock is currently owned by company insiders.
Roper Technologies Company 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.
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