Fulton Bank N.A. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,699 shares of the industrial products company’s stock after buying an additional 166 shares during the period. Fulton Bank N.A.’s holdings in Roper Technologies were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of ROP. Edge Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $25,000. Samalin Investment Counsel LLC acquired a new position in Roper Technologies in the 4th quarter valued at approximately $26,000. Childress Capital Advisors LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $27,000. Capital Asset Advisory Services LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $31,000. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $34,000. Institutional investors own 91.73% of the company’s stock.
A number of research firms have weighed in on ROP. Oppenheimer lifted their price target on shares of Roper Technologies from $460.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday. Argus lifted their target price on shares of Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $320.00 to $310.00 and set an “underweight” rating for the company in a research report on Monday, February 1st. Finally, Barclays lifted their price objective on Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $433.78.
NYSE:ROP traded up $6.26 on Thursday, reaching $421.00. The stock had a trading volume of 311 shares, compared to its average volume of 629,452. The company has a quick ratio of 0.64, a current ratio of 0.73 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $44.18 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $304.55 and a 1-year high of $455.72. The stock has a fifty day moving average price of $392.89 and a 200-day moving average price of $406.10.
Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, January 28th. The industrial products company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $3.39 EPS. Roper Technologies’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 12.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Monday, April 5th will be issued a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 1st. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. Roper Technologies’s dividend payout ratio is presently 17.24%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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