Sei Investments Co. boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,142 shares of the industrial products company’s stock after buying an additional 9,127 shares during the period. Sei Investments Co. owned 0.05% of Roper Technologies worth $12,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. BlackRock Inc. raised its position in Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after buying an additional 7,689,856 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $2,168,593,000 after buying an additional 479,056 shares in the last quarter. Mar Vista Investment Partners LLC bought a new stake in shares of Roper Technologies during the first quarter valued at about $81,545,000. Renaissance Technologies LLC bought a new stake in shares of Roper Technologies during the first quarter valued at about $76,360,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Roper Technologies by 164.7% in the first quarter. Victory Capital Management Inc. now owns 509,560 shares of the industrial products company’s stock valued at $105,220,000 after buying an additional 317,027 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.
Roper Technologies, Inc. (ROP) traded down 0.48% during mid-day trading on Friday, hitting $228.20. The stock had a trading volume of 404,242 shares. The company has a 50 day moving average price of $234.02 and a 200 day moving average price of $219.82. The stock has a market cap of $23.33 billion, a P/E ratio of 34.17 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $167.50 and a one year high of $238.49.
Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post $9.27 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders 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 dividend yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.
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ROP has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $248.00 price objective (up from $245.00) on shares of Roper Technologies in a research note on Monday, May 1st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a research note on Monday, May 1st. Barclays PLC increased their price objective on Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, May 1st. Raymond James Financial, Inc. increased their price objective on Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $238.42.
In other news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, 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 company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the sale, 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 sold 6,800 shares of company stock worth $1,587,200. Company insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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