Segall Bryant & Hamill LLC decreased its stake in shares of Roper Technologies Inc (NYSE:ROP) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 309,711 shares of the industrial products company’s stock after selling 16,637 shares during the quarter. Roper Technologies comprises 2.0% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 3rd biggest position. Segall Bryant & Hamill LLC’s holdings in Roper Technologies were worth $86,933,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Roper Technologies by 1.9% in the 1st quarter. BlackRock Inc. now owns 7,143,959 shares of the industrial products company’s stock valued at $2,005,238,000 after purchasing an additional 135,278 shares during the period. Franklin Resources Inc. boosted its holdings in Roper Technologies by 1.0% in the 1st quarter. Franklin Resources Inc. now owns 5,026,065 shares of the industrial products company’s stock valued at $1,410,768,000 after purchasing an additional 48,753 shares during the period. American Century Companies Inc. boosted its holdings in Roper Technologies by 1.8% in the 1st quarter. American Century Companies Inc. now owns 1,160,274 shares of the industrial products company’s stock valued at $325,677,000 after purchasing an additional 20,319 shares during the period. Alliancebernstein L.P. boosted its holdings in Roper Technologies by 3.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock valued at $297,519,000 after purchasing an additional 40,846 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Roper Technologies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 1,075,766 shares of the industrial products company’s stock valued at $278,036,000 after purchasing an additional 48,550 shares during the period. 93.13% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Barclays upped their price target on shares of Roper Technologies from $285.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a report on Tuesday, April 24th. Zacks Investment Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $293.00 price target on shares of Roper Technologies in a report on Monday, April 23rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $303.58.
Shares of Roper Technologies traded down $0.77, reaching $284.73, on Thursday, Marketbeat Ratings reports. 1,673 shares of the stock were exchanged, compared to its average volume of 454,531. Roper Technologies Inc has a one year low of $226.81 and a one year high of $292.97. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The company has a market cap of $29.46 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 EPS. research analysts forecast that Roper Technologies Inc will post 11.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 23rd. Investors of record on Monday, July 9th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, July 6th. Roper Technologies’s dividend payout ratio is 17.52%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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