First Pacific Financial increased its position in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,820 shares of the industrial products company's stock after acquiring an additional 36 shares during the quarter. First Pacific Financial's holdings in Roper Technologies were worth $718,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Values First Advisors Inc. lifted its position in Roper Technologies by 6.4% during the second quarter. Values First Advisors Inc. now owns 2,695 shares of the industrial products company's stock valued at $1,064,000 after purchasing an additional 161 shares during the last quarter. Trust Co. of Vermont bought a new stake in Roper Technologies during the second quarter valued at approximately $135,000. Segment Wealth Management LLC lifted its position in Roper Technologies by 9.7% during the second quarter. Segment Wealth Management LLC now owns 14,631 shares of the industrial products company's stock valued at $5,774,000 after purchasing an additional 1,292 shares during the last quarter. TCW Group Inc. lifted its position in Roper Technologies by 3.7% during the second quarter. TCW Group Inc. now owns 23,829 shares of the industrial products company's stock valued at $9,404,000 after purchasing an additional 850 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Roper Technologies by 18.9% during the second quarter. Commonwealth Equity Services LLC now owns 29,674 shares of the industrial products company's stock valued at $11,711,000 after purchasing an additional 4,719 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.
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Roper Technologies Stock Performance
Roper Technologies stock traded down $3.81 during midday trading on Thursday, hitting $366.72. The stock had a trading volume of 5,790 shares, compared to its average volume of 559,033. The firm's fifty day moving average is $410.94 and its two-hundred day moving average is $425.73. The company has a market capitalization of $38.88 billion, a PE ratio of 13.79, a P/E/G ratio of 2.57 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $364.97 and a 52-week high of $505.00. The company has a current ratio of 1.58, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48.
Roper Technologies (NYSE:ROP – Get Rating) last released its earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.82 by $0.13. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.54 billion. Roper Technologies had a net
margin of 49.32% and a return on equity of 12.83%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.76 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 13.6 EPS for the current year.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, October 5th. Roper Technologies's dividend payout ratio is 9.23%.
Analyst Upgrades and Downgrades
ROP has been the subject of a number of recent research reports. Cowen lowered their price objective on shares of Roper Technologies from $545.00 to $500.00 and set an "outperform" rating for the company in a report on Tuesday, July 26th. TheStreet lowered shares of Roper Technologies from a "b" rating to a "c+" rating in a report on Friday, July 22nd. Wells Fargo & Company reduced their target price on shares of Roper Technologies from $545.00 to $500.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. Robert W. Baird reduced their target price on shares of Roper Technologies from $480.00 to $460.00 in a research report on Tuesday, July 26th. Finally, Barclays dropped their price target on shares of Roper Technologies from $500.00 to $480.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $492.90.
Roper Technologies Company Profile
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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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