M&T Bank Corp raised its position in Roper Technologies Inc (NYSE:ROP) by 9.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,167 shares of the industrial products company’s stock after acquiring an additional 1,792 shares during the quarter. M&T Bank Corp’s holdings in Roper Technologies were worth $7,829,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Akre Capital Management LLC lifted its stake in shares of Roper Technologies by 8.8% in the 1st quarter. Akre Capital Management LLC now owns 1,705,110 shares of the industrial products company’s stock worth $531,670,000 after purchasing an additional 137,978 shares during the period. Invesco Ltd. boosted its stake in shares of Roper Technologies by 25.1% during the 1st quarter. Invesco Ltd. now owns 1,612,083 shares of the industrial products company’s stock worth $502,663,000 after acquiring an additional 323,016 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 16.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,563,073 shares of the industrial products company’s stock worth $487,382,000 after acquiring an additional 217,224 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Roper Technologies by 0.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 729,942 shares of the industrial products company’s stock worth $227,603,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Roper Technologies by 5.2% in the 1st quarter. Legal & General Group Plc now owns 716,221 shares of the industrial products company’s stock worth $223,496,000 after purchasing an additional 35,403 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on ROP. Raymond James boosted their price target on Roper Technologies from $410.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Co increased their target price on shares of Roper Technologies from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada restated a “buy” rating on shares of Roper Technologies in a research note on Thursday, May 28th. Argus upped their price target on shares of Roper Technologies from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays raised their price objective on shares of Roper Technologies from $340.00 to $360.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $412.80.
Shares of ROP stock opened at $432.45 on Friday. The company’s fifty day simple moving average is $399.72 and its two-hundred day simple moving average is $363.86. Roper Technologies Inc has a 52 week low of $240.00 and a 52 week high of $441.03. The stock has a market cap of $45.15 billion, a P/E ratio of 34.13, a PEG ratio of 3.38 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.53.
Roper Technologies (NYSE:ROP) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.67 by $0.27. Roper Technologies had a return on equity of 14.20% and a net margin of 29.75%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $3.07 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Roper Technologies Inc will post 12.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.5125 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.05 annualized dividend and a dividend yield of 0.47%. Roper Technologies’s dividend payout ratio (DPR) is 15.71%.
Roper Technologies Company Profile
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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