Forsta AP Fonden lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 33.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,022 shares of the industrial products company’s stock after selling 13,058 shares during the period. Forsta AP Fonden’s holdings in Roper Technologies were worth $6,025,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ROP. Quadrature Capital Ltd bought a new stake in shares of Roper Technologies during the fourth quarter valued at $4,950,000. Teachers Advisors LLC increased its stake in shares of Roper Technologies by 50.8% in the fourth quarter. Teachers Advisors LLC now owns 342,533 shares of the industrial products company’s stock valued at $62,711,000 after buying an additional 115,326 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Roper Technologies during the fourth quarter valued at $1,347,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Roper Technologies during the fourth quarter valued at $601,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at $1,227,000. 96.93% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies, Inc. (NYSE ROP) traded up 0.17% during mid-day trading on Friday, reaching $229.54. The company had a trading volume of 388,218 shares. The firm has a market capitalization of $23.46 billion, a P/E ratio of 34.37 and a beta of 1.04. The stock’s 50-day moving average is $233.98 and its 200 day moving average is $218.33. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $238.49.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts predict that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio is currently 20.96%.
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Several equities research analysts recently weighed in on ROP shares. Cowen and Company reaffirmed an “outperform” rating and set a $250.00 price target (up from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Barclays PLC reduced their target price on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating for the company in a report on Wednesday, April 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $248.00 target price (up previously from $245.00) on shares of Roper Technologies in a report on Monday, May 1st. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a report on Monday, May 1st. Finally, Raymond James Financial, Inc. raised their target price on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $238.42.
In other news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the transaction, the director now directly owns 66,104 shares in the company, valued at approximately $15,117,984.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares in the company, valued at $2,561,173. The disclosure for this sale can be found here. Insiders sold a total of 5,800 shares of company stock worth $1,353,200 over the last 90 days. 2.50% of the stock is owned by corporate insiders.
About Roper Technologies
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