Garcia Hamilton & Associates LP DE Reduces Position in Roper Technologies, Inc. (ROP)

Garcia Hamilton & Associates LP DE lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 40.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,013 shares of the industrial products company’s stock after selling 2,007 shares during the quarter. Garcia Hamilton & Associates LP DE’s holdings in Roper Technologies were worth $698,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its holdings in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 313 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the last quarter. Sun Life Financial INC boosted its holdings in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the last quarter. Finally, Creative Planning boosted its holdings in Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded up 0.54% on Thursday, hitting $251.25. 95,018 shares of the stock traded hands. Roper Technologies, Inc. has a one year low of $167.50 and a one year high of $252.56. The stock has a 50 day moving average of $239.49 and a 200 day moving average of $228.66. The company has a market cap of $25.68 billion, a PE ratio of 37.62 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.

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In other news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the sale, the vice president now directly owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 over the last ninety days. Insiders own 2.50% of the company’s stock.

ROP has been the topic of several research reports. Raymond James Financial, Inc. raised their target price on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 target price on the stock in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a report on Friday, July 7th. Finally, BidaskClub cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $244.17.

Roper Technologies Profile

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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