Robeco Institutional Asset Management B.V. grew its position in shares of Roper Technologies Inc (NYSE:ROP) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,103 shares of the industrial products company’s stock after buying an additional 1,668 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Roper Technologies were worth $6,874,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in ROP. Cutler Group LP purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $26,000. Berman Capital Advisors LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. Pinnacle Bank acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Finally, Proficio Capital Partners LLC grew its stake in Roper Technologies by 115.8% in the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 92.29% of the company’s stock.
Roper Technologies stock opened at $351.63 on Thursday. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $363.85. The stock has a market cap of $36.75 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $2.61 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Roper Technologies Inc will post 12.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio is presently 15.66%.
In related news, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $326.97 per share, with a total value of $163,485.00. Following the completion of the transaction, the director now owns 53,465 shares of the company’s stock, valued at $17,481,451.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $328.13, for a total transaction of $574,227.50. Following the completion of the sale, the director now directly owns 60,163 shares in the company, valued at $19,741,285.19. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock worth $2,688,470 over the last three months. Corporate insiders own 2.30% of the company’s stock.
A number of equities research analysts recently commented on the stock. Stephens increased their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Raymond James increased their price objective on shares of Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Argus increased their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Barclays increased their price objective on shares of Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Finally, Oppenheimer increased their price objective on shares of Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $349.90.
About Roper Technologies
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.
Further Reading: Oversold
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.