MetLife Investment Advisors LLC trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,368 shares of the industrial products company’s stock after selling 577 shares during the period. MetLife Investment Advisors LLC’s holdings in Roper Technologies were worth $8,379,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. First Mercantile Trust Co. raised its holdings in Roper Technologies by 28.6% during the second quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock valued at $214,000 after buying an additional 173 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in Roper Technologies by 10.9% during the second quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock valued at $494,000 after buying an additional 176 shares in the last quarter. Trust Co raised its holdings in Roper Technologies by 12.8% during the first quarter. Trust Co now owns 1,600 shares of the industrial products company’s stock valued at $449,000 after buying an additional 182 shares in the last quarter. HL Financial Services LLC raised its holdings in Roper Technologies by 15.8% during the second quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock valued at $375,000 after buying an additional 185 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Roper Technologies by 1.3% during the second quarter. Mutual of America Capital Management LLC now owns 14,612 shares of the industrial products company’s stock valued at $4,032,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.
In other news, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average cost of $312.35 per share, with a total value of $156,175.00. Following the completion of the transaction, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $299.78, for a total value of $1,498,900.00. Following the sale, the vice president now directly owns 19,205 shares in the company, valued at $5,757,274.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,750 shares of company stock worth $2,616,258. 2.30% of the stock is owned by company insiders.
Shares of NYSE:ROP opened at $310.83 on Friday. The stock has a market capitalization of $31.47 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.12. Roper Technologies Inc has a 52-week low of $235.28 and a 52-week high of $312.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80.
Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.19. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business earned $2.24 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. sell-side analysts predict that Roper Technologies Inc will post 11.51 earnings per share for the current year.
Roper Technologies 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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