NN Investment Partners Holdings N.V. continued to hold its stake in Roper Technologies, Inc. (NYSE:ROP) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 699 shares of the industrial products company’s stock at the end of the second quarter. NN Investment Partners Holdings N.V.’s holdings in Roper Technologies were worth $162,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Roper Technologies by 62.8% in the first quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock worth $57,704,000 after buying an additional 107,785 shares during the last quarter. Prudential Financial Inc. increased its position in Roper Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock worth $29,698,000 after buying an additional 1,259 shares during the period. Meiji Yasuda Life Insurance Co bought a new position in Roper Technologies during the first quarter worth $1,156,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Roper Technologies by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,296 shares of the industrial products company’s stock worth $3,365,000 after buying an additional 601 shares during the period. Finally, Vanguard Group Inc. increased its position in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares during the period. Institutional investors own 96.65% of the company’s stock.
Roper Technologies, Inc. (ROP) traded down 0.48% during midday trading on Friday, hitting $228.20. 404,242 shares of the company traded hands. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 34.17 and a beta of 1.04. The stock’s 50-day moving average price is $234.02 and its 200 day moving average price is $219.82. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.56 EPS. Roper Technologies’s quarterly revenue was up 23.2% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies, Inc. will post $9.27 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.
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A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price target on shares of Roper Technologies in a research note on Friday, July 7th. Oppenheimer Holdings, Inc. upped their price target on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Canaccord Genuity reissued a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $238.42.
In other Roper Technologies news, Director Wilbur J. Prezzano sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total transaction of $471,600.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Wright sold 1,800 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the transaction, the director now owns 66,104 shares in the company, valued at approximately $15,117,984.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,800 shares of company stock worth $1,587,200. Company insiders own 2.50% of the company’s stock.
About Roper Technologies
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