LaFleur & Godfrey LLC Has $868,000 Stock Position in Roper Technologies Inc (NYSE:ROP)

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LaFleur & Godfrey LLC lifted its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 8.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,370 shares of the industrial products company’s stock after acquiring an additional 175 shares during the period. LaFleur & Godfrey LLC’s holdings in Roper Technologies were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Roper Technologies during the 2nd quarter worth $25,000. Captrust Financial Advisors grew its position in Roper Technologies by 227.3% during the 2nd quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Coastal Investment Advisors Inc. bought a new stake in Roper Technologies during the 2nd quarter worth $30,000. MUFG Americas Holdings Corp grew its position in Roper Technologies by 83.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares during the last quarter. Finally, Advisory Alpha LLC bought a new stake in Roper Technologies during the 1st quarter worth $35,000. 92.26% of the stock is owned by institutional investors.

In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the sale, the director now owns 9,080 shares in the company, valued at approximately $3,296,403.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy Woods Brinkley sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the sale, the director now owns 15,380 shares in the company, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

A number of equities research analysts recently weighed in on ROP shares. Wells Fargo & Co boosted their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective on the stock. in a research report on Monday, September 9th. Raymond James boosted their price objective on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Oppenheimer boosted their price objective on Roper Technologies from $375.00 to $400.00 in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada boosted their price objective on Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $377.50.

NYSE ROP opened at $359.50 on Friday. The business’s 50-day moving average price is $358.35 and its two-hundred day moving average price is $355.01. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $385.51. The firm has a market capitalization of $37.40 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the company posted $2.89 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that Roper Technologies Inc will post 13.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Friday, October 4th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.51%. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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

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