Integrated Advisors Network LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,081 shares of the industrial products company’s stock after selling 27 shares during the period. Integrated Advisors Network LLC’s holdings in Roper Technologies were worth $1,217,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of ROP. CIBC Private Wealth Group LLC grew its stake in Roper Technologies by 137.4% in the third quarter. CIBC Private Wealth Group LLC now owns 915,019 shares of the industrial products company’s stock worth $361,533,000 after purchasing an additional 529,614 shares during the period. FMR LLC grew its stake in Roper Technologies by 15.5% in the second quarter. FMR LLC now owns 2,908,227 shares of the industrial products company’s stock worth $1,129,148,000 after purchasing an additional 389,726 shares during the period. BlackRock Inc. grew its stake in Roper Technologies by 4.9% in the second quarter. BlackRock Inc. now owns 7,355,876 shares of the industrial products company’s stock worth $2,855,991,000 after purchasing an additional 345,628 shares during the period. Nordea Investment Management AB grew its stake in Roper Technologies by 117.2% in the second quarter. Nordea Investment Management AB now owns 537,664 shares of the industrial products company’s stock worth $207,000,000 after purchasing an additional 290,125 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Roper Technologies by 124.1% in the second quarter. Victory Capital Management Inc. now owns 385,602 shares of the industrial products company’s stock worth $149,713,000 after purchasing an additional 213,549 shares during the period. 92.18% of the stock is currently owned by institutional investors.
Several research firms have commented on ROP. Wells Fargo & Company boosted their target price on Roper Technologies from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $300.00 to $320.00 and gave the stock an “underweight” rating in a report on Wednesday, October 7th. Oppenheimer reissued a “hold” rating on shares of Roper Technologies in a report on Wednesday, August 19th. Raymond James reissued a “buy” rating on shares of Roper Technologies in a report on Friday, August 14th. Finally, Wolfe Research began coverage on Roper Technologies in a report on Tuesday, August 25th. They issued an “underperform” rating and a $374.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $416.90.
Shares of NYSE:ROP traded down $4.69 during midday trading on Tuesday, reaching $403.18. 3,379 shares of the company’s stock traded hands, compared to its average volume of 568,144. The company has a market cap of $42.77 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 3.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.27. Roper Technologies, Inc. has a one year low of $240.00 and a one year high of $455.72. The stock has a 50 day moving average of $403.16 and a 200 day moving average of $401.02.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.13. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. Roper Technologies had a return on equity of 14.20% and a net margin of 29.75%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share. Sell-side analysts predict that Roper Technologies, Inc. will post 12.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Stockholders of record on Friday, January 8th will be issued a dividend of $0.5625 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, January 7th. Roper Technologies’s dividend payout ratio is presently 15.71%.
In related news, CEO Laurence Neil Hunn sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $440.00, for a total transaction of $17,600,000.00. Following the completion of the sale, the chief executive officer now owns 242,214 shares in the company, valued at $106,574,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $443.67, for a total value of $1,331,010.00. Following the sale, the vice president now owns 34,683 shares of the company’s stock, valued at approximately $15,387,806.61. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. It offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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