Stokes Capital Advisors LLC lifted its position in shares of Roper Technologies Inc (NYSE:ROP) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,768 shares of the industrial products company’s stock after purchasing an additional 46 shares during the period. Roper Technologies accounts for approximately 1.7% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Stokes Capital Advisors LLC’s holdings in Roper Technologies were worth $3,464,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ROP. FMR LLC increased its stake in shares of Roper Technologies by 15.5% during the second quarter. FMR LLC now owns 2,908,227 shares of the industrial products company’s stock worth $1,129,148,000 after purchasing an additional 389,726 shares during the period. BlackRock Inc. grew its position in Roper Technologies by 4.9% during the second quarter. BlackRock Inc. now owns 7,355,876 shares of the industrial products company’s stock worth $2,855,991,000 after buying an additional 345,628 shares in the last quarter. Invesco Ltd. grew its position in Roper Technologies by 25.1% during the first quarter. Invesco Ltd. now owns 1,612,083 shares of the industrial products company’s stock worth $502,663,000 after buying an additional 323,016 shares in the last quarter. Nordea Investment Management AB grew its position in Roper Technologies by 117.2% during the second quarter. Nordea Investment Management AB now owns 537,664 shares of the industrial products company’s stock worth $207,000,000 after buying an additional 290,125 shares in the last quarter. Finally, Third Point LLC acquired a new stake in Roper Technologies during the first quarter worth approximately $85,748,000. Institutional investors own 92.18% of the company’s stock.
In other news, CEO Laurence Neil Hunn sold 40,000 shares of Roper Technologies stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $440.00, for a total value of $17,600,000.00. Following the completion of the transaction, the chief executive officer now directly owns 242,214 shares of the company’s stock, valued at approximately $106,574,160. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Crisci sold 16,000 shares of Roper Technologies stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $449.80, for a total value of $7,196,800.00. Following the completion of the transaction, the chief financial officer now directly owns 42,590 shares of the company’s stock, valued at $19,156,982. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,000 shares of company stock valued at $26,127,810. 0.86% of the stock is owned by corporate insiders.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.94 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $3.07 EPS. Roper Technologies’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Roper Technologies Inc will post 12.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, October 5th. Roper Technologies’s payout ratio is 15.71%.
A number of equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on Roper Technologies in a research report on Tuesday, August 25th. They set an “underperform” rating and a $374.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Roper Technologies from $300.00 to $320.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 7th. Argus increased their price target on Roper Technologies from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Raymond James reaffirmed a “buy” rating on shares of Roper Technologies in a report on Friday, August 14th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Roper Technologies in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Roper Technologies presently has an average rating of “Hold” and a consensus target price of $413.00.
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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