First Mercantile Trust Co. lessened its stake in shares of Roper Technologies Inc (NYSE:ROP) by 29.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 814 shares of the industrial products company’s stock after selling 345 shares during the period. First Mercantile Trust Co.’s holdings in Roper Technologies were worth $290,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new stake in Roper Technologies during the second quarter worth about $25,000. Captrust Financial Advisors increased its position in Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new position in Roper Technologies during the second quarter worth approximately $30,000. MUFG Americas Holdings Corp increased its position in Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after buying an additional 44 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Roper Technologies during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 92.51% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the transaction, the director now directly owns 15,380 shares in the company, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.10. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $3.09 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Roper Technologies Inc will post 13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, October 3rd. Roper Technologies’s payout ratio is 15.66%.
ROP has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $383.00 price target on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Stephens set a $386.00 price target on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $373.10.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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