Ropes Wealth Advisors LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,155 shares of the industrial products company’s stock after selling 130 shares during the period. Ropes Wealth Advisors LLC’s holdings in Roper Technologies were worth $3,151,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ROP. OLD Mission Capital LLC lifted its stake in shares of Roper Technologies by 111.0% in the 3rd quarter. OLD Mission Capital LLC now owns 14,161 shares of the industrial products company’s stock valued at $5,595,000 after purchasing an additional 7,449 shares during the last quarter. Wade G W & Inc. bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $235,000. CIBC Asset Management Inc lifted its stake in shares of Roper Technologies by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 18,885 shares of the industrial products company’s stock worth $8,141,000 after acquiring an additional 802 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Roper Technologies by 11.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,109 shares of the industrial products company’s stock worth $1,771,000 after acquiring an additional 429 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Roper Technologies by 1.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,188 shares of the industrial products company’s stock worth $2,236,000 after acquiring an additional 84 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.
In other news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $454.30, for a total value of $227,150.00. Following the transaction, the director now directly owns 6,537 shares in the company, valued at approximately $2,969,759.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Crisci sold 6,000 shares of Roper Technologies stock in a transaction on Monday, April 19th. The shares were sold at an average price of $422.83, for a total value of $2,536,980.00. Following the completion of the transaction, the chief financial officer now owns 41,287 shares in the company, valued at $17,457,382.21. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $5,014,130 over the last quarter. Company insiders own 0.80% of the company’s stock.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.32 by $0.28. Roper Technologies had a return on equity of 13.61% and a net margin of 17.50%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $3.05 EPS. Roper Technologies’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 14.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Monday, April 5th were issued a $0.563 dividend. The ex-dividend date of this dividend was Thursday, April 1st. This is an increase from Roper Technologies’s previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.49%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.66%.
A number of equities research analysts recently issued reports on the company. Oppenheimer raised their price target on Roper Technologies from $460.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, April 8th. Royal Bank of Canada raised their price target on Roper Technologies from $486.00 to $499.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Barclays raised their price target on Roper Technologies from $445.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Finally, Argus raised their price target on Roper Technologies from $440.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Hold” and an average price target of $447.67.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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