Roper Technologies, Inc. (ROP) Position Lowered by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the industrial products company’s stock after selling 538 shares during the period. Fifth Third Bancorp’s holdings in Roper Technologies were worth $702,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motco raised its position in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares during the period. Private Advisor Group LLC purchased a new position in Roper Technologies during the first quarter worth approximately $118,000. Northwestern Mutual Wealth Management Co. raised its position in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after buying an additional 51 shares during the period. Quadrant Capital Group LLC raised its position in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares during the period. Finally, Creative Planning raised its position in Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock worth $148,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Shares of Roper Technologies, Inc. (ROP) traded down 0.69% on Tuesday, reaching $233.63. 94,466 shares of the company traded hands. Roper Technologies, Inc. has a 1-year low of $159.28 and a 1-year high of $235.50. The stock has a 50-day moving average price of $225.07 and a 200 day moving average price of $205.79. The firm has a market capitalization of $23.84 billion, a P/E ratio of 36.06 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. Roper Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $1.81 earnings per share. Analysts anticipate that Roper Technologies, Inc. will post $9.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is 21.60%.

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A number of research analysts have recently commented on ROP shares. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a research report on Thursday, February 23rd. Royal Bank Of Canada restated a “buy” rating and set a $245.00 price target on shares of Roper Technologies in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a research report on Monday, May 1st. J P Morgan Chase & Co lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Friday, March 24th. Finally, Cowen and Company restated an “outperform” rating and set a $250.00 price target (up from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $226.56.

In related news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the transaction, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

About Roper Technologies

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