Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Roper Technologies Inc. (NYSE:ROP) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,263 shares of the company’s stock after buying an additional 36 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Roper Technologies were worth $215,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Meeder Asset Management Inc. purchased a new stake in shares of Roper Technologies during the first quarter worth about $126,000. Checchi Capital Advisers LLC raised its stake in shares of Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock worth $169,000 after buying an additional 33 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Roper Technologies during the second quarter worth about $219,000. Trellus Management Company LLC purchased a new stake in shares of Roper Technologies during the second quarter worth about $225,000. Finally, Silvercrest Asset Management Group LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $247,000. 94.64% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Inc. (NYSE:ROP) traded up 0.65% during mid-day trading on Friday, reaching $182.47. The company’s stock had a trading volume of 539,193 shares. The company’s 50-day moving average price is $177.92 and its 200 day moving average price is $175.14. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 27.45 and a beta of 1.03. Roper Technologies Inc. has a 52 week low of $155.79 and a 52 week high of $195.93.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.05. The firm had revenue of $932 million for the quarter, compared to analyst estimates of $948.22 million. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 EPS. On average, equities analysts forecast that Roper Technologies Inc. will post $6.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. Roper Technologies’s dividend payout ratio is currently 18.05%.
ROP has been the subject of a number of research reports. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. lowered their price target on Roper Technologies from $164.00 to $157.00 and set an “underweight” rating for the company in a report on Wednesday, July 27th. Barclays PLC lowered their price target on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. Royal Bank Of Canada lowered their price target 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, RBC Capital Markets reiterated an “outperform” rating and issued a $196.00 price target (down previously from $205.00) on shares of Roper Technologies in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $194.40.
In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $171.54, for a total transaction of $686,160.00. Following the completion of the sale, the director now owns 14,038 shares in the company, valued at approximately $2,408,078.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Humphrey sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $172.70, for a total transaction of $6,908,000.00. Following the sale, the chief financial officer now owns 146,812 shares of the company’s stock, valued at approximately $25,354,432.40. 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.
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