Livforsakringsbolaget Skandia Omsesidigt grew its position in Roper Technologies Inc (NYSE:ROP) by 28.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,359 shares of the industrial products company’s stock after purchasing an additional 300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Roper Technologies were worth $528,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in shares of Roper Technologies in the first quarter valued at $31,000. Bartlett & Co. LLC acquired a new stake in shares of Roper Technologies during the first quarter valued at $41,000. Ameritas Investment Company LLC boosted its stake in shares of Roper Technologies by 750.0% during the first quarter. Ameritas Investment Company LLC now owns 136 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 120 shares during the last quarter. Arden Trust Co acquired a new stake in shares of Roper Technologies during the first quarter valued at $44,000. Finally, Allred Capital Management LLC boosted its stake in shares of Roper Technologies by 57.4% during the first quarter. Allred Capital Management LLC now owns 159 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.
A number of research firms recently commented on ROP. Barclays increased their price objective on Roper Technologies from $340.00 to $360.00 and gave the company an “equal weight” rating in a research note on Tuesday. Royal Bank of Canada reissued a “buy” rating on shares of Roper Technologies in a research note on Thursday, May 28th. Wells Fargo & Co decreased their price target on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Argus decreased their price target on Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research note on Friday, June 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $386.44.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.30 EPS. On average, equities research analysts expect that Roper Technologies Inc will post 12.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Tuesday, July 7th. Roper Technologies’s dividend payout ratio is currently 15.71%.
In related news, Director Wilbur J. Prezzano sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the sale, the director now directly owns 16,880 shares in the company, valued at approximately $6,003,372. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $370.00, for a total value of $1,480,000.00. Following the sale, the vice president now owns 38,044 shares in the company, valued at $14,076,280. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,040 shares of company stock worth $4,415,607. Company insiders own 1.90% of the company’s stock.
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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