Prudential Financial Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,781 shares of the industrial products company’s stock after buying an additional 6,235 shares during the period. Prudential Financial Inc. owned 0.15% of Roper Technologies worth $36,456,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the period. Principal Financial Group Inc. increased its stake in shares of Roper Technologies by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares during the period. American Century Companies Inc. increased its stake in shares of Roper Technologies by 0.8% in the third quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after purchasing an additional 10,548 shares during the period. Northern Trust Corp increased its stake in shares of Roper Technologies by 0.5% in the second quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after purchasing an additional 5,279 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in shares of Roper Technologies by 5.7% in the second quarter. Artisan Partners Limited Partnership now owns 1,002,174 shares of the industrial products company’s stock worth $232,033,000 after purchasing an additional 54,477 shares during the period. Institutional investors own 93.88% of the company’s stock.
ROP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research note on Monday, October 2nd. Robert W. Baird lifted their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Canaccord Genuity reiterated a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $253.67.
Shares of Roper Technologies, Inc. (ROP) opened at $256.04 on Tuesday. Roper Technologies, Inc. has a 1 year low of $178.19 and a 1 year high of $261.37. The firm has a market capitalization of $26,429.92, a PE ratio of 30.13, a P/E/G ratio of 2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. analysts anticipate that Roper Technologies, Inc. will post 9.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s payout ratio is 20.32%.
In other Roper Technologies news, Director Laura G. Thatcher sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $2,590,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the sale, the vice president now directly owns 14,571 shares in the company, valued at $3,569,895. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $2,681,690 over the last ninety days. Company insiders own 2.50% of the company’s stock.
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Roper Technologies Company Profile
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