Gamco Investors INC. ET AL trimmed its stake in shares of Roper Technologies Inc (NYSE:ROP) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,050 shares of the industrial products company’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Roper Technologies were worth $13,344,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ROP. Cornerstone Wealth Management LLC bought a new stake in shares of Roper Technologies during the 2nd quarter valued at $113,000. Fort L.P. bought a new stake in shares of Roper Technologies during the 2nd quarter valued at $120,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $126,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Roper Technologies during the 2nd quarter valued at $149,000. Finally, IFP Advisors Inc raised its stake in shares of Roper Technologies by 82.1% during the 3rd quarter. IFP Advisors Inc now owns 519 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 234 shares during the period. Institutional investors own 92.24% of the company’s stock.
A number of research firms recently issued reports on ROP. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $303.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Cowen reiterated a “buy” rating and set a $330.00 price objective on shares of Roper Technologies in a research note on Tuesday, July 31st. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Argus boosted their price objective on Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $317.82.
Shares of NYSE ROP opened at $296.81 on Friday. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76. Roper Technologies Inc has a twelve month low of $252.23 and a twelve month high of $312.65.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.15. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.36 EPS. Research analysts forecast that Roper Technologies Inc will post 11.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were paid a $0.4125 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 17.52%.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $298.37, for a total value of $223,777.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was acquired at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the purchase, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.
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Roper Technologies 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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