Macquarie Group Ltd. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,206 shares of the industrial products company’s stock after purchasing an additional 1,496 shares during the quarter. Macquarie Group Ltd. owned approximately 0.08% of Roper Technologies worth $18,107,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 106 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Roper Technologies by 164.7% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Roper Technologies by 6,690.9% in the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after buying an additional 736 shares in the last quarter. Creative Planning raised its stake in shares of Roper Technologies by 12.7% in the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after buying an additional 91 shares in the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in shares of Roper Technologies in the 2nd quarter worth $210,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
A number of analysts have recently commented on the company. Cowen and Company reissued a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Oppenheimer Holdings, Inc. lifted their price target on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Finally, BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average price target of $244.17.
Roper Technologies, Inc. (ROP) opened at 252.05 on Friday. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $252.56. The firm has a market cap of $25.76 billion, a P/E ratio of 37.74 and a beta of 1.04. The stock has a 50 day moving average price of $240.09 and a 200-day moving average price of $228.83.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. Roper Technologies’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post $9.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is presently 20.96%.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the completion of the sale, the vice president now directly owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the sale, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 in the last 90 days. 2.50% of the stock is currently owned by company insiders.
About Roper Technologies
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