Jefferies Group LLC boosted its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 677.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,936 shares of the industrial products company’s stock after acquiring an additional 16,500 shares during the period. Jefferies Group LLC’s holdings in Roper Technologies were worth $5,609,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Roper Technologies by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,087,740 shares of the industrial products company’s stock valued at $1,507,033,000 after purchasing an additional 73,754 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Roper Technologies by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after purchasing an additional 134,469 shares during the period. American Century Companies Inc. raised its stake in shares of Roper Technologies by 9.4% in the 3rd quarter. American Century Companies Inc. now owns 1,203,440 shares of the industrial products company’s stock valued at $356,471,000 after purchasing an additional 103,569 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Roper Technologies by 21.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock valued at $282,073,000 after purchasing an additional 168,161 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of Roper Technologies by 2.2% in the 2nd quarter. Putnam Investments LLC now owns 465,030 shares of the industrial products company’s stock valued at $128,307,000 after purchasing an additional 10,029 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
Several research firms have issued reports on ROP. JPMorgan Chase & Co. downgraded Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price target on the stock. in a research note on Friday, September 21st. Stephens began coverage on Roper Technologies in a research note on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target on the stock. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Barclays dropped their price target on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $319.08.
NYSE:ROP opened at $284.82 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76. The stock has a market capitalization of $29.71 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.99 and a beta of 1.15. Roper Technologies Inc has a 52-week low of $252.23 and a 52-week high of $312.65.
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 analysts’ consensus estimates of $2.94 by $0.15. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. Roper Technologies’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.36 earnings per share. On average, analysts anticipate that Roper Technologies Inc will post 11.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be given a $0.4625 dividend. The ex-dividend date is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. Roper Technologies’s payout ratio is currently 17.52%.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $301.86, for a total transaction of $226,395.00. Following the transaction, the director now owns 9,200 shares of the company’s stock, valued at $2,777,112. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on 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 approximately $3,729,780.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,350 shares of company stock worth $689,375. 2.30% of the stock is owned by company insiders.
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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