1ST Source Bank Buys Shares of 876 Roper Technologies, Inc. (ROP)

1ST Source Bank bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 876 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other large investors have also recently bought and sold shares of ROP. Crossmark Global Holdings Inc. acquired a new position in Roper Technologies during the 3rd quarter valued at approximately $4,531,000. Korea Investment CORP increased its stake in Roper Technologies by 6.1% during the 3rd quarter. Korea Investment CORP now owns 116,742 shares of the industrial products company’s stock valued at $28,415,000 after purchasing an additional 6,700 shares in the last quarter. Aperio Group LLC increased its stake in Roper Technologies by 7.5% during the 3rd quarter. Aperio Group LLC now owns 79,290 shares of the industrial products company’s stock valued at $19,299,000 after purchasing an additional 5,550 shares in the last quarter. First Trust Advisors LP increased its stake in Roper Technologies by 113.6% during the 3rd quarter. First Trust Advisors LP now owns 186,976 shares of the industrial products company’s stock valued at $45,510,000 after purchasing an additional 99,432 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Roper Technologies by 8.6% during the 3rd quarter. Raymond James Trust N.A. now owns 4,109 shares of the industrial products company’s stock valued at $1,000,000 after purchasing an additional 324 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

A number of research analysts have issued reports on ROP shares. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research note on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a research note on Wednesday, July 12th. Finally, Cowen and Company reiterated a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Roper Technologies has an average rating of “Buy” and a consensus target price of $249.15.

In other news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now directly owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the transaction, the director now directly owns 10,900 shares in the company, valued at $2,561,173. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,500 shares of company stock worth $2,754,530. Corporate insiders own 2.50% of the company’s stock.

Roper Technologies, Inc. (NYSE ROP) opened at 260.00 on Wednesday. The firm’s 50-day moving average is $248.20 and its 200 day moving average is $233.40. Roper Technologies, Inc. has a 12-month low of $169.42 and a 12-month high of $261.07. The stock has a market capitalization of $26.58 billion, a P/E ratio of 38.93 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.76%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $1.65 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post $9.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.32%.

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Roper Technologies Company Profile

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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