Values First Advisors Inc. boosted its position in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 6.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,695 shares of the industrial products company's stock after buying an additional 161 shares during the period. Values First Advisors Inc.'s holdings in Roper Technologies were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROP. LPL Financial LLC lifted its holdings in Roper Technologies by 5.9% in the fourth quarter. LPL Financial LLC now owns 16,826 shares of the industrial products company's stock valued at $8,276,000 after acquiring an additional 933 shares during the period. Eaton Vance Management lifted its holdings in Roper Technologies by 9.6% in the fourth quarter. Eaton Vance Management now owns 125,469 shares of the industrial products company's stock valued at $60,409,000 after acquiring an additional 10,997 shares during the period. Guggenheim Capital LLC lifted its holdings in Roper Technologies by 105.7% in the fourth quarter. Guggenheim Capital LLC now owns 19,023 shares of the industrial products company's stock valued at $9,357,000 after acquiring an additional 9,776 shares during the period. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Roper Technologies during the 4th quarter worth $325,000. Finally, Wetherby Asset Management Inc. raised its stake in shares of Roper Technologies by 2.4% during the 4th quarter. Wetherby Asset Management Inc. now owns 2,173 shares of the industrial products company's stock worth $1,069,000 after buying an additional 51 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
Get Roper Technologies alerts:Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Roper Technologies from $480.00 to $460.00 in a research note on Tuesday, July 26th. Cowen reduced their price target on Roper Technologies from $545.00 to $500.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 26th. TheStreet lowered Roper Technologies from a "b" rating to a "c+" rating in a research report on Friday, July 22nd. Oppenheimer set a $500.00 price target on Roper Technologies in a research report on Monday, June 20th. Finally, Barclays dropped their price target on Roper Technologies from $500.00 to $480.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $492.90.
Roper Technologies Trading Down 1.2 %
Shares of Roper Technologies stock traded down $4.51 during trading on Thursday, reaching $366.02. 3,193 shares of the company were exchanged, compared to its average volume of 559,033. The business has a 50-day moving average price of $410.94 and a 200-day moving average price of $425.73. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $38.80 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 2.57 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $364.97 and a twelve month high of $505.00.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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. Roper Technologies's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.76 earnings per share. Sell-side analysts anticipate that Roper Technologies, Inc. will post 13.6 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, October 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, October 5th. Roper Technologies's payout ratio is 9.23%.
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.
Further Reading
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