Dividend Assets Capital LLC lowered its position in Roper Technologies Inc. (NYSE:ROP) by 23.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,424 shares of the company’s stock after selling 141,826 shares during the period. Roper Technologies comprises 2.3% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 22nd largest position. Dividend Assets Capital LLC’s holdings in Roper Technologies were worth $76,824,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ROP. Meeder Asset Management Inc. purchased a new stake in Roper Technologies during the first quarter valued at $126,000. Checchi Capital Advisers LLC increased its stake in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock valued at $169,000 after buying an additional 33 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Roper Technologies by 12.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,227 shares of the company’s stock valued at $224,000 after buying an additional 135 shares during the last quarter. Atria Investments LLC purchased a new stake in Roper Technologies during the second quarter valued at $219,000. Finally, Trellus Management Company LLC purchased a new stake in Roper Technologies during the second quarter valued at $225,000. 94.64% of the stock is owned by institutional investors.
Roper Technologies Inc. (NYSE:ROP) traded up 1.82% during trading on Wednesday, reaching $182.84. The company’s stock had a trading volume of 463,542 shares. Roper Technologies Inc. has a 52 week low of $154.01 and a 52 week high of $195.93. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 27.50 and a beta of 1.03. The firm has a 50 day moving average of $177.09 and a 200 day moving average of $174.99.
Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 25th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.05. The business had revenue of $932 million for the quarter, compared to analyst estimates of $948.22 million. Roper Technologies had a net margin of 18.53% and a return on equity of 12.37%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Analysts expect that Roper Technologies Inc. will post $6.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. Roper Technologies’s dividend payout ratio is presently 18.05%.
Several analysts have recently weighed in on ROP shares. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 target price for the company in a report on Monday, August 1st. Raymond James Financial Inc. started coverage on Roper Technologies in a report on Wednesday, July 20th. They issued a “strong-buy” rating and a $206.00 target price for the company. Royal Bank Of Canada reduced their target price on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Finally, Barclays PLC reduced their target price on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $194.40.
In other news, Director Robert D. Johnson sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $173.41, for a total transaction of $242,774.00. Following the completion of the sale, the director now directly owns 10,500 shares in the company, valued at $1,820,805. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $171.54, for a total value of $686,160.00. Following the sale, the director now owns 14,038 shares of the company’s stock, valued at $2,408,078.52. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc. (NYSE:ROP).
Receive News & Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.