Retirement Systems of Alabama increased its stake in shares of Roper Technologies Inc. (NYSE:ROP) by 0.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 51,592 shares of the company’s stock after buying an additional 93 shares during the period. Retirement Systems of Alabama’s holdings in Roper Technologies were worth $8,800,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Roper Technologies during the first quarter valued at $126,000. Checchi Capital Advisers LLC boosted 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 period. Atria Investments LLC bought a new stake in Roper Technologies during the second quarter valued at $219,000. Los Angeles Capital Management & Equity Research Inc. boosted 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 period. Finally, Trellus Management Company LLC bought a new stake in Roper Technologies during the second quarter valued at $225,000. Institutional investors and hedge funds own 94.64% of the company’s stock.
Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.79% during trading on Friday, reaching $179.88. The company’s stock had a trading volume of 419,855 shares. The stock has a market capitalization of $18.23 billion, a PE ratio of 27.06 and a beta of 0.98. Roper Technologies Inc. has a 12-month low of $155.79 and a 12-month high of $195.93. The firm’s 50-day moving average is $179.12 and its 200-day moving average is $175.22.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.05. The business earned $932 million during the quarter, compared to the consensus estimate of $948.22 million. Roper Technologies had a net margin of 18.53% and a return on equity of 12.37%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. Equities analysts expect that Roper Technologies Inc. will post $6.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.67%. The ex-dividend date is Wednesday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 18.05%.
Several research firms recently weighed in on ROP. Zacks Investment Research cut shares of Roper Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Raymond James Financial Inc. assumed coverage on Roper Technologies in a research report on Wednesday, July 20th. They set a “strong-buy” rating and a $206.00 price objective for the company. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price objective for the company in a research report on Monday, August 1st. RBC Capital Markets reissued an “outperform” rating and set a $196.00 price objective (down previously from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada lowered their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $194.40.
In other Roper Technologies news, CFO John Humphrey sold 40,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $172.70, for a total value of $6,908,000.00. Following the transaction, the chief financial officer now owns 146,812 shares of the company’s stock, valued at approximately $25,354,432.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $171.54, for a total value of $686,160.00. Following the completion of the transaction, the director now directly owns 14,038 shares in the company, valued at approximately $2,408,078.52. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
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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