Baird Financial Group Inc. boosted its stake in shares of Roper Technologies Inc (NYSE:ROP) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,525 shares of the industrial products company’s stock after acquiring an additional 625 shares during the period. Baird Financial Group Inc.’s holdings in Roper Technologies were worth $10,314,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Roper Technologies by 3.4% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,126 shares of the industrial products company’s stock valued at $1,518,000 after purchasing an additional 170 shares in the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Roper Technologies by 10.9% in the 2nd quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 176 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of Roper Technologies by 16.0% in the 3rd quarter. Motley Fool Asset Management LLC now owns 1,273 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 176 shares in the last quarter. HL Financial Services LLC boosted its holdings in shares of Roper Technologies by 15.8% in the 2nd quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 185 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Roper Technologies by 17.8% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 91.90% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Stephens began coverage on Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 target price on the stock. Barclays cut their price objective on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. Finally, JPMorgan Chase & Co. downgraded Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective on the stock. in a report on Friday, September 21st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $319.08.
In related news, Director Richard F. Wallman bought 500 shares of the business’s stock in a transaction on Friday, September 14th. The shares were purchased at an average cost of $312.35 per share, with a total value of $156,175.00. Following the acquisition, the director now owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 1,000 shares of Roper Technologies stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $286.07, for a total value of $286,070.00. Following the transaction, the director now directly owns 13,038 shares in the company, valued at $3,729,780.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,350 shares of company stock worth $686,758. 2.30% of the stock is currently owned by company insiders.
NYSE ROP opened at $297.59 on Monday. 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. The firm has a market cap of $30.78 billion, a P/E ratio of 31.59, a PEG ratio of 2.06 and a beta of 1.14.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $2.36 EPS. Roper Technologies’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts forecast that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be issued a dividend of $0.4625 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.85 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is 17.52%.
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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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