Parallel Advisors LLC raised its position in Roper Technologies Inc (NYSE:ROP) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 736 shares of the industrial products company’s stock after purchasing an additional 79 shares during the quarter. Parallel Advisors LLC’s holdings in Roper Technologies were worth $263,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in shares of Roper Technologies during the second quarter worth $25,000. Captrust Financial Advisors increased its position in shares of Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the period. Coastal Investment Advisors Inc. purchased a new stake in shares of Roper Technologies during the second quarter worth $30,000. MUFG Americas Holdings Corp increased its position in shares of Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares during the period. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Roper Technologies during the second quarter worth $37,000. 92.51% of the stock is currently owned by institutional investors.
NYSE:ROP traded down $2.83 during trading hours on Friday, hitting $337.50. The company’s stock had a trading volume of 436,926 shares, compared to its average volume of 453,189. The stock has a market capitalization of $35.48 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The stock has a fifty day moving average of $343.15 and a 200-day moving average of $356.66. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 0.72. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51.
Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, October 24th. The industrial products company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.19 by $0.10. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. Roper Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.09 earnings per share. On average, sell-side analysts forecast that Roper Technologies Inc will post 13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Friday, October 4th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.
In related news, Director Amy Woods Brinkley sold 1,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total value of $540,810.00. Following the transaction, the director now owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the completion of the transaction, the director now directly owns 9,080 shares in the company, valued at approximately $3,296,403.20. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
A number of analysts have recently weighed in on ROP shares. Royal Bank of Canada set a $383.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Stephens set a $386.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Co upped their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $373.10.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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