Davis R M Inc. Cuts Stock Holdings in Roper Technologies, Inc. $ROP

Davis R M Inc. cut its position in shares of Roper Technologies, Inc. (NASDAQ:ROPFree Report) by 7.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 76,879 shares of the industrial products company’s stock after selling 6,293 shares during the quarter. Davis R M Inc.’s holdings in Roper Technologies were worth $27,204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Roper Technologies by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 22,206 shares of the industrial products company’s stock worth $7,858,000 after acquiring an additional 2,028 shares in the last quarter. Alpha Family Trust purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $334,000. Daner Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter worth about $208,000. First Trust Advisors LP boosted its position in Roper Technologies by 21.7% during the first quarter. First Trust Advisors LP now owns 579,343 shares of the industrial products company’s stock worth $205,006,000 after purchasing an additional 103,306 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings in Roper Technologies by 55.4% in the first quarter. Westpac Banking Corp now owns 1,069 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada increased their target price on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of “Hold” and a consensus price target of $466.50.

Check Out Our Latest Stock Analysis on ROP

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $336.71 on Thursday. The stock has a market capitalization of $33.98 billion, a P/E ratio of 21.03, a PEG ratio of 1.60 and a beta of 0.76. The business has a 50 day simple moving average of $338.62 and a two-hundred day simple moving average of $354.91. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $566.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49.

Roper Technologies (NASDAQ:ROPGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.19. Roper Technologies had a return on equity of 11.16% and a net margin of 21.12%.The firm had revenue of $2.10 billion for the quarter. During the same period in the prior year, the firm earned $4.78 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Roper Technologies, Inc. will post 21.95 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.91 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.

See Also

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

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