Aviva PLC raised its position in shares of Roper Technologies Inc (NYSE:ROP) by 43.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,645 shares of the industrial products company’s stock after purchasing an additional 22,031 shares during the quarter. Aviva PLC owned about 0.07% of Roper Technologies worth $21,518,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New England Research & Management Inc. bought a new position in Roper Technologies during the 3rd quarter valued at $222,000. GSA Capital Partners LLP acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at $1,127,000. Tower Research Capital LLC TRC lifted its position in shares of Roper Technologies by 229.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 647 shares during the last quarter. Highland Capital Management LP acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at $8,677,000. Finally, Global X Management Co LLC lifted its position in shares of Roper Technologies by 8.9% during the 2nd quarter. Global X Management Co LLC now owns 2,658 shares of the industrial products company’s stock valued at $733,000 after acquiring an additional 217 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. downgraded Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a research report on Friday, September 21st. Barclays cut their price objective on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Stephens assumed coverage on Roper Technologies in a research report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective for the company. Finally, Argus increased their price objective on Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $319.08.
In other news, Director Robert D. Johnson sold 750 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $298.37, for a total value of $223,777.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Knowling, Jr. sold 1,000 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $286.07, for a total value of $286,070.00. Following the completion of the sale, the director now owns 13,038 shares of the company’s stock, valued at approximately $3,729,780.66. The disclosure for this sale can be found here. Insiders sold 2,350 shares of company stock valued at $686,758 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.
ROP opened at $293.87 on Friday. The firm has a market capitalization of $29.50 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Roper Technologies Inc has a 12-month low of $252.23 and a 12-month high of $312.65. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.15. The company had revenue of $1.32 billion during 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 revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 earnings per share. Sell-side analysts anticipate that Roper Technologies Inc will post 11.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.41. Roper Technologies’s dividend payout ratio is presently 17.52%.
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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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