Flossbach Von Storch AG bought a new stake in Roper Technologies Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The fund bought 7,000 shares of the company’s stock, valued at approximately $1,194,000.
A number of other institutional investors have also bought and sold shares of ROP. Glenmede Trust Co. NA boosted its position in Roper Technologies by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 2,456 shares of the company’s stock valued at $448,000 after buying an additional 16 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in Roper Technologies by 44.1% in the first quarter. Commonwealth Equity Services Inc now owns 2,661 shares of the company’s stock valued at $486,000 after buying an additional 814 shares during the last quarter. Virginia Retirement System acquired a new position in Roper Technologies during the first quarter valued at approximately $354,000. CIBC World Markets Inc. boosted its position in Roper Technologies by 9.4% in the first quarter. CIBC World Markets Inc. now owns 2,592 shares of the company’s stock valued at $474,000 after buying an additional 222 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position 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. Institutional investors and hedge funds own 94.64% of the company’s stock.
Roper Technologies Inc. (NYSE:ROP) traded down 0.07% during midday trading on Tuesday, hitting $181.97. The stock had a trading volume of 465,688 shares. Roper Technologies Inc. has a 1-year low of $155.79 and a 1-year high of $195.93. The stock’s 50-day moving average is $178.19 and its 200-day moving average is $175.14. The company has a market capitalization of $18.44 billion, a PE ratio of 27.37 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.05. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The company earned $932 million during the quarter, compared to the consensus estimate of $948.22 million. During the same period in the prior year, the business posted $1.70 earnings per share. Roper Technologies’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies Inc. will post $6.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. Roper Technologies’s dividend payout ratio is presently 18.05%.
Several equities analysts recently commented on ROP shares. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. Raymond James Financial Inc. started coverage on Roper Technologies in a research report on Wednesday, July 20th. They set 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 research report on Tuesday, July 26th. Barclays PLC cut their price objective on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $196.00 price objective (down from $205.00) on shares of Roper Technologies in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Roper Technologies has an average rating of “Buy” and a consensus target price of $194.40.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $171.54, for a total transaction of $686,160.00. Following the sale, the director now directly owns 14,038 shares of the company’s stock, valued at $2,408,078.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $173.41, for a total value of $242,774.00. Following the sale, the director now directly owns 10,500 shares in the company, valued at $1,820,805. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Roper Technologies
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.
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