Parallel Advisors LLC raised its stake in Roper Technologies Inc (NYSE:ROP) by 12.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 736 shares of the industrial products company’s stock after buying an additional 79 shares during the quarter. Parallel Advisors LLC’s holdings in Roper Technologies were worth $263,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Phocas Financial Corp. purchased a new position in Roper Technologies in the second quarter valued at about $2,344,000. Krane Funds Advisors LLC purchased a new position in Roper Technologies in the second quarter valued at about $25,000. Captrust Financial Advisors increased its holdings in Roper Technologies by 227.3% in the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new position in Roper Technologies in the second quarter valued at about $30,000. Finally, MUFG Americas Holdings Corp increased its holdings in Roper Technologies by 83.0% in the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. 92.51% of the stock is owned by institutional investors.
In related news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total transaction of $181,520.00. Following the sale, the director now owns 9,080 shares in the company, valued at $3,296,403.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total transaction of $540,810.00. Following the sale, the director now owns 15,380 shares in the company, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
ROP has been the subject of a number of recent research reports. Stephens set a $386.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective for the company. in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $373.10.
Shares of ROP traded down $2.83 during mid-day trading on Friday, reaching $337.50. 436,926 shares of the company’s stock were exchanged, compared to its average volume of 453,189. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $343.15 and a two-hundred day simple moving average of $356.66. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51. The company has a market cap of $35.48 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.38 and a beta of 1.12.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.19 by $0.10. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the company posted $3.09 EPS. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th were paid a dividend of $0.4625 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.
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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