Foresters Investment Management Company Inc. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 30,600 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Foresters Investment Management Company Inc.’s holdings in Roper Technologies were worth $6,319,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Pensionsforsakring AB increased its position in shares of Roper Technologies by 6.3% in the fourth quarter. AMF Pensionsforsakring AB now owns 158,737 shares of the industrial products company’s stock valued at $29,062,000 after buying an additional 9,400 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $1,791,000. Envestnet Asset Management Inc. increased its position in shares of Roper Technologies by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,357 shares of the industrial products company’s stock valued at $4,823,000 after buying an additional 2,000 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $936,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $2,508,000. 97.07% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies, Inc. (NYSE:ROP) traded down 0.72% on Tuesday, reaching $233.55. 110,273 shares of the company traded hands. Roper Technologies, Inc. has a 52-week low of $159.28 and a 52-week high of $235.50. The stock has a 50-day moving average of $225.07 and a 200 day moving average of $205.79. The company has a market capitalization of $23.83 billion, a PE ratio of 36.05 and a beta of 1.00.
Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.12. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $1.81 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies, Inc. will post $9.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.60%.
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Several research analysts have recently commented on the company. Barclays PLC boosted their target price on Roper Technologies from $221.00 to $237.00 and gave the stock an “overweight” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a research report on Monday, May 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $248.00 price objective (up previously from $245.00) on shares of Roper Technologies in a research report on Monday, May 1st. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a research report on Thursday, February 23rd. Finally, J P Morgan Chase & Co cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Friday, March 24th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $226.56.
In other news, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction on Friday, June 9th. The shares were sold at an average price of $228.70, for a total transaction of $411,660.00. Following the transaction, the director now owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.
About Roper Technologies
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