2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd lessened its position in shares of Roper Technologies, Inc. ( NYSE:ROP – Free Report ) by 33.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 182 shares of the industrial products company’s stock after selling 91 shares during the period. Brown Shipley& Co Ltd’s holdings in Roper Technologies were worth $103,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also bought and sold shares of the company.
New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $25,000.
Rise Advisors LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $27,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $29,000.
Finally, Versant Capital Management Inc grew its position in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the period.
Institutional investors and hedge funds own 93.31% of the company’s stock. Analysts Set New Price Targets ROP has been the topic of several research analyst reports.
Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $617.00 to $635.
00 in a research note on Thursday, July 25th. Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.
00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays upped their price target on Roper Technologies from $611.00 to $625.
00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada increased their price target on Roper Technologies from $674.00 to $675.
00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock.
According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $616.00. Roper Technologies Trading Up 0.
2 % NYSE ROP opened at $553.80 on Monday. The business has a fifty day simple moving average of $546.
48 and a 200 day simple moving average of $545.49. The firm has a market capitalization of $59.
28 billion, a P/E ratio of 40.19, a PEG ratio of 2.89 and a beta of 1.
02. The company has a current ratio of 0.53, a quick ratio of 0.
48 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc.
has a 12 month low of $474.46 and a 12 month high of $579.10.
Roper Technologies ( NYSE:ROP – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.
46 by $0.02. Roper Technologies had a net margin of 22.
14% and a return on equity of 10.77%. The firm had revenue of $1.
72 billion during the quarter, compared to analyst estimates of $1.72 billion. On average, analysts predict that Roper Technologies, Inc.
will post 18.16 EPS for the current fiscal year. Roper Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st.
Shareholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th.
This represents a $3.00 dividend on an annualized basis and a yield of 0.54%.
Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%. Insider Activity In related news, Director Robert D.
Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.
60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06.
The transaction was disclosed in a document filed with the SEC, which is available through this link . Insiders own 0.87% of the company’s stock.
Roper Technologies Profile ( Free Report ) Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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