Kornitzer Capital Management Inc. KS continued to hold its stake in shares of Roper Technologies Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The firm owned 76,670 shares of the company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Roper Technologies were worth $13,077,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Swedbank boosted its stake in shares of Roper Technologies by 23.2% in the second quarter. Swedbank now owns 1,636,269 shares of the company’s stock worth $279,082,000 after buying an additional 307,759 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Roper Technologies by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 671,958 shares of the company’s stock worth $122,814,000 after buying an additional 294,767 shares during the period. Bank of Montreal Can purchased a new stake in shares of Roper Technologies during the second quarter worth about $32,333,000. First Republic Investment Management Inc. boosted its stake in shares of Roper Technologies by 155.2% in the first quarter. First Republic Investment Management Inc. now owns 80,003 shares of the company’s stock worth $14,621,000 after buying an additional 48,653 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Roper Technologies during the second quarter worth about $6,563,000. Institutional investors and hedge funds own 94.64% of the company’s stock.
Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.36% on Friday, hitting $173.26. 362,110 shares of the stock traded hands. Roper Technologies Inc. has a 1-year low of $155.79 and a 1-year high of $195.93. The stock has a 50 day moving average of $179.12 and a 200-day moving average of $175.14. The stock has a market cap of $17.56 billion, a PE ratio of 26.06 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.05. The business earned $932 million during 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 was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. On average, equities research analysts expect that Roper Technologies Inc. will post $6.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.20 annualized dividend and a yield of 0.69%. Roper Technologies’s dividend payout ratio is 18.05%.
A number of equities research analysts recently issued reports on ROP shares. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price objective for the company in a research report on Monday, August 1st. Raymond James Financial Inc. initiated coverage on shares of Roper Technologies in a research report on Wednesday, July 20th. They issued a “strong-buy” rating and a $206.00 price objective for the company. Barclays PLC lowered their price objective on shares of Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada lowered their price objective on shares of Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $193.22.
In related news, Director Robert D. Johnson sold 1,400 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $173.41, for a total transaction of $242,774.00. Following the completion of the sale, the director now owns 10,500 shares of the company’s stock, valued at $1,820,805. The transaction was disclosed in a document filed 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 dated Friday, August 12th. The stock was sold at an average price of $172.70, for a total transaction of $6,908,000.00. Following the sale, 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. Corporate insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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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