Braun Stacey Associates Inc. grew its position in Roper Technologies Inc (NYSE:ROP) by 57.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,809 shares of the industrial products company’s stock after buying an additional 13,129 shares during the period. Braun Stacey Associates Inc.’s holdings in Roper Technologies were worth $10,607,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $113,000. Fort L.P. acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $120,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $149,000. IFP Advisors Inc boosted its stake in Roper Technologies by 82.1% in the 3rd quarter. IFP Advisors Inc now owns 519 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 234 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $175,000. Institutional investors and hedge funds own 92.38% of the company’s stock.
In other Roper Technologies news, Director Richard F. Wallman purchased 500 shares of Roper Technologies stock in a transaction on Friday, September 14th. The stock was bought at an average cost of $312.35 per share, with a total value of $156,175.00. Following the transaction, the director now owns 52,965 shares of the company’s stock, valued at approximately $16,543,617.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $298.37, for a total transaction of $223,777.50. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.15. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $2.36 EPS. Roper Technologies’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts expect that Roper Technologies Inc will post 11.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, October 4th. Roper Technologies’s dividend payout ratio is presently 17.52%.
A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Barclays lowered their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday. Cowen reiterated a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $314.25.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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