Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,080 shares of the industrial products company’s stock after selling 12,645 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.06% of Roper Technologies worth $15,537,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Roper Technologies by 26.8% during the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the last quarter. Sun Life Financial INC boosted its position in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the last quarter. Creative Planning boosted its position in Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in Roper Technologies in the second quarter worth about $190,000. 94.13% of the stock is currently owned by institutional investors.
Roper Technologies, Inc. (NYSE ROP) traded up $0.37 during midday trading on Friday, reaching $258.20. The company’s stock had a trading volume of 408,800 shares, compared to its average volume of 345,431. The stock has a market cap of $26,429.87, a PE ratio of 30.13, a PEG ratio of 2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies, Inc. has a fifty-two week low of $178.01 and a fifty-two week high of $261.37.
Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. equities analysts predict that Roper Technologies, Inc. will post 9.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is 20.32%.
Several brokerages have issued reports on ROP. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. raised their target price on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada raised their price objective on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average target price of $253.67.
In related news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the transaction, the director now owns 14,038 shares in the company, valued at approximately $3,643,001.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the transaction, the director now owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,750 shares of company stock valued at $2,915,690. Company insiders own 2.50% of the company’s stock.
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About Roper Technologies
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