Conning Inc. cut its position in shares of Roper Technologies Inc. (NYSE:ROP) by 44.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,618 shares of the company’s stock after selling 2,115 shares during the period. Conning Inc.’s holdings in Roper Technologies were worth $447,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ING Groep NV raised its position in Roper Technologies by 80.6% in the first quarter. ING Groep NV now owns 2,303 shares of the company’s stock worth $421,000 after buying an additional 1,028 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in Roper Technologies by 42.4% in the first quarter. Ropes Wealth Advisors LLC now owns 9,169 shares of the company’s stock worth $1,676,000 after buying an additional 2,728 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Roper Technologies during the first quarter worth $3,090,000. Massmutual Trust Co. FSB ADV raised its position in Roper Technologies by 9.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,713 shares of the company’s stock worth $1,775,000 after buying an additional 818 shares in the last quarter. Finally, Impax Asset Management LTD raised its position in Roper Technologies by 8.9% in the first quarter. Impax Asset Management LTD now owns 289,002 shares of the company’s stock worth $52,821,000 after buying an additional 23,715 shares in the last quarter. Institutional investors own 94.64% of the company’s stock.
Shares of Roper Technologies Inc. (NYSE:ROP) traded up 0.65% during mid-day trading on Friday, reaching $182.47. The company had a trading volume of 539,193 shares. The company has a 50 day moving average price of $177.92 and a 200 day moving average price of $175.14. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 27.45 and a beta of 1.03. Roper Technologies Inc. has a one year low of $155.79 and a one year high of $195.93.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.05. The business had revenue of $932 million for the quarter, compared to the consensus estimate of $948.22 million. Roper Technologies had a net margin of 18.53% and a return on equity of 12.37%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. On average, analysts anticipate that Roper Technologies Inc. will post $6.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, October 5th. Roper Technologies’s payout ratio is 18.05%.
A number of research firms have recently weighed in on ROP. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Raymond James Financial Inc. began coverage on Roper Technologies in a report on Wednesday, July 20th. They issued a “strong-buy” rating and a $206.00 target price on the stock. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 target price on the stock in a report on Monday, August 1st. RBC Capital Markets restated an “outperform” rating and issued a $196.00 target price (down previously from $205.00) on shares of Roper Technologies in a report on Tuesday, July 26th. Finally, Barclays PLC dropped their target price on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Roper Technologies currently has an average rating of “Buy” and an average price target of $194.40.
In other Roper Technologies news, Director Robert D. Johnson sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $173.41, for a total transaction of $242,774.00. Following the completion of the transaction, the director now owns 10,500 shares of the company’s stock, valued at approximately $1,820,805. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Humphrey sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $172.70, for a total value of $6,908,000.00. Following the transaction, the chief financial officer now directly owns 146,812 shares of the company’s stock, valued at approximately $25,354,432.40. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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