Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Roper Technologies Inc (NYSE:ROP) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,433 shares of the industrial products company’s stock after acquiring an additional 4,404 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.11% of Roper Technologies worth $41,877,000 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. Nuveen Asset Management LLC increased its stake in Roper Technologies by 7,677.4% during the second quarter. Nuveen Asset Management LLC now owns 2,000,266 shares of the industrial products company’s stock worth $732,618,000 after acquiring an additional 1,974,547 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Roper Technologies by 3.1% during the second quarter. JPMorgan Chase & Co. now owns 1,325,385 shares of the industrial products company’s stock worth $481,034,000 after acquiring an additional 39,516 shares during the last quarter. Invesco Ltd. increased its stake in Roper Technologies by 29.0% during the second quarter. Invesco Ltd. now owns 1,276,987 shares of the industrial products company’s stock worth $467,709,000 after acquiring an additional 287,128 shares during the last quarter. Northern Trust Corp increased its stake in Roper Technologies by 1.2% during the second quarter. Northern Trust Corp now owns 1,198,063 shares of the industrial products company’s stock worth $438,803,000 after acquiring an additional 14,228 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Roper Technologies by 0.4% during the third quarter. CIBC Private Wealth Group LLC now owns 456,129 shares of the industrial products company’s stock worth $162,656,000 after acquiring an additional 1,627 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.
Several brokerages have commented on ROP. Wells Fargo & Co upped their price target on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target on Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Royal Bank of Canada set a $383.00 target price on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 target price for the company. in a research report on Monday, September 9th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $373.10.
In related news, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the completion of the transaction, the director now owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the transaction, the director now directly owns 15,380 shares of the company’s stock, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Shares of NYSE ROP traded up $0.44 on Monday, hitting $337.94. The company had a trading volume of 351,253 shares, compared to its average volume of 452,722. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The business has a 50 day moving average of $343.15 and a two-hundred day moving average of $356.66. 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 firm has a market capitalization of $35.48 billion, a P/E ratio of 28.61, a PEG ratio of 2.38 and a beta of 1.12.
Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.10. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $3.09 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Friday, October 4th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 3rd. Roper Technologies’s dividend payout ratio is currently 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.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.