Csenge Advisory Group reduced its position in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,258 shares of the industrial products company's stock after selling 33 shares during the period. Csenge Advisory Group's holdings in Roper Technologies were worth $452,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Roper Technologies by 4.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,028,540 shares of the industrial products company's stock worth $4,747,063,000 after acquiring an additional 462,988 shares during the period. Vanguard Group Inc. grew its stake in Roper Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,740,029 shares of the industrial products company's stock worth $4,127,304,000 after acquiring an additional 57,473 shares during the period. Principal Financial Group Inc. grew its stake in Roper Technologies by 8.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,537,033 shares of the industrial products company's stock worth $1,001,240,000 after acquiring an additional 199,368 shares during the period. Flossbach Von Storch AG grew its stake in Roper Technologies by 21.3% in the 1st quarter. Flossbach Von Storch AG now owns 1,397,519 shares of the industrial products company's stock worth $659,950,000 after acquiring an additional 245,342 shares during the period. Finally, Durable Capital Partners LP grew its stake in shares of Roper Technologies by 51.3% during the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company's stock valued at $659,009,000 after buying an additional 473,168 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.
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Roper Technologies Stock Down 1.2 %
Shares of Roper Technologies stock opened at $424.36 on Friday. Roper Technologies, Inc. has a twelve month low of $356.21 and a twelve month high of $494.32. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.43. The stock has a market cap of $45.00 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.91 and a beta of 1.08. The company has a fifty day moving average price of $412.84 and a 200 day moving average price of $406.98.
Roper Technologies (NYSE:ROP – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $3.44 by $0.23. Roper Technologies had a net
margin of 50.95% and a return on equity of 12.25%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $3.91 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 14.13 earnings per share for the current fiscal year.
Roper Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 23rd. Shareholders of record on Monday, January 9th will be issued a $0.6825 dividend. The ex-dividend date is Friday, January 6th. This represents a $2.73 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.62. Roper Technologies's payout ratio is currently 9.11%.
Insiders Place Their Bets
In other news, Director Christopher Wright sold 416 shares of the company's stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $438.24, for a total value of $182,307.84. Following the sale, the director now owns 38,708 shares in the company, valued at approximately $16,963,393.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Christopher Wright sold 416 shares of the company's stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $438.24, for a total value of $182,307.84. Following the sale, the director now owns 38,708 shares in the company, valued at approximately $16,963,393.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman bought 1,000 shares of the business's stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $390.00 per share, for a total transaction of $390,000.00. Following the purchase, the director now owns 46,409 shares in the company, valued at approximately $18,099,510. The disclosure for this purchase can be found here. 0.88% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $500.00 to $540.00 and gave the company an "overweight" rating in a research note on Thursday, October 27th. The Goldman Sachs Group boosted their price objective on shares of Roper Technologies from $423.00 to $468.00 and gave the company a "neutral" rating in a research note on Thursday. StockNews.com assumed coverage on shares of Roper Technologies in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Finally, Barclays boosted their price objective on shares of Roper Technologies from $500.00 to $510.00 and gave the company an "overweight" rating in a research note on Thursday, October 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $495.43.
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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