Tocqueville Asset Management L.P. cut its stake in Roper Technologies Inc (NYSE:ROP) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,452 shares of the industrial products company’s stock after selling 500 shares during the period. Tocqueville Asset Management L.P.’s holdings in Roper Technologies were worth $4,561,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Roper Technologies by 95.8% during the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after acquiring an additional 848,157 shares during the period. Frontier Capital Management Co. LLC bought a new position in shares of Roper Technologies during the 1st quarter worth about $64,498,000. Bessemer Group Inc. lifted its holdings in shares of Roper Technologies by 77.7% during the 2nd quarter. Bessemer Group Inc. now owns 342,751 shares of the industrial products company’s stock worth $125,536,000 after acquiring an additional 149,837 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Roper Technologies by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after acquiring an additional 103,001 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Roper Technologies by 21.5% during the 1st quarter. CIBC Private Wealth Group LLC now owns 468,840 shares of the industrial products company’s stock worth $160,329,000 after acquiring an additional 83,112 shares during the period. 93.04% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the transaction, the insider now owns 218,866 shares of the company’s stock, valued at approximately $77,644,902.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $363.44, for a total transaction of $726,880.00. Following the transaction, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. Insiders have sold a total of 49,750 shares of company stock worth $17,659,170 in the last three months. 1.90% of the stock is owned by insiders.
Shares of NYSE:ROP traded down $1.32 during trading on Wednesday, hitting $350.95. 58,668 shares of the company’s stock were exchanged, compared to its average volume of 429,528. The company’s 50-day moving average is $368.27. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The company has a market capitalization of $36.92 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 2.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $2.89 EPS. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts predict that Roper Technologies Inc will post 12.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, July 5th. Roper Technologies’s payout ratio is 15.66%.
About Roper Technologies
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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