Argent Trust Co grew its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,177 shares of the industrial products company’s stock after acquiring an additional 106 shares during the period. Argent Trust Co’s holdings in Roper Technologies were worth $990,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Roper Technologies in the fourth quarter valued at $324,874,000. Alliancebernstein L.P. lifted its holdings in Roper Technologies by 53.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,477,114 shares of the industrial products company’s stock worth $523,238,000 after buying an additional 515,450 shares during the period. Parnassus Investments CA bought a new stake in shares of Roper Technologies in the 1st quarter valued at about $103,689,000. Loomis Sayles & Co. L P increased its stake in shares of Roper Technologies by 47.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 724,442 shares of the industrial products company’s stock valued at $256,619,000 after buying an additional 233,622 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Roper Technologies by 6.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,123,689 shares of the industrial products company’s stock worth $752,273,000 after acquiring an additional 134,374 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
In other news, Director Wilbur J. Prezzano sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the completion of the sale, the director now directly owns 16,880 shares of the company’s stock, valued at $6,003,372. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher Wright sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $268.11, for a total transaction of $804,330.00. Following the sale, the director now directly owns 53,524 shares of the company’s stock, valued at $14,350,319.64. The disclosure for this sale can be found here. In the last three months, insiders sold 10,500 shares of company stock valued at $3,529,105. 1.90% of the stock is currently owned by insiders.
NYSE:ROP traded up $2.00 during trading hours on Friday, reaching $367.06. The company had a trading volume of 321,754 shares, compared to its average volume of 722,218. Roper Technologies Inc has a twelve month low of $240.00 and a twelve month high of $395.00. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.49. The firm has a market cap of $38.11 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03. The business’s 50-day simple moving average is $331.13 and its two-hundred day simple moving average is $348.18.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.14. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies Inc will post 12.14 earnings per share for the current year.
ROP has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays reiterated a “hold” rating and set a $340.00 price objective on shares of Roper Technologies in a research report on Wednesday, April 29th. Wells Fargo & Co dropped their target price on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Cowen upped their price target on shares of Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Argus lowered their price objective on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $386.70.
Roper Technologies Company Profile
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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