Gabelli Funds LLC trimmed its holdings in Roper Technologies Inc (NYSE:ROP) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,500 shares of the industrial products company’s stock after selling 1,600 shares during the quarter. Gabelli Funds LLC’s holdings in Roper Technologies were worth $7,667,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in Roper Technologies in the second quarter worth $25,000. Captrust Financial Advisors raised its stake in Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. acquired a new position in Roper Technologies during the second quarter worth $30,000. MUFG Americas Holdings Corp raised its stake in Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Roper Technologies during the second quarter worth $37,000. 92.51% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the sale, the director now directly owns 15,380 shares in the company, valued at $5,545,105.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the completion of the sale, the director now owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Several research analysts have issued reports on ROP shares. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective for the company. in a research note on Monday, September 9th. Royal Bank of Canada set a $383.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Co increased their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Stephens set a $386.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $373.10.
Roper Technologies stock traded up $0.64 during mid-day trading on Friday, hitting $340.97. 1,752 shares of the company were exchanged, compared to its average volume of 556,558. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The company has a market capitalization of $35.48 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $343.59 and a 200 day moving average of $356.72.
Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.19 by $0.10. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $3.09 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that Roper Technologies Inc will post 13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th were paid a $0.4625 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
Featured Story: What is an economic bubble?
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.