Axa Acquires 4,244 Shares of Roper Technologies Inc (NYSE:ROP)

Share on StockTwits

Axa boosted its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,151 shares of the industrial products company’s stock after purchasing an additional 4,244 shares during the quarter. Axa owned about 0.21% of Roper Technologies worth $68,956,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ROP. Quadrant Capital Group LLC boosted its stake in Roper Technologies by 7.1% during the 4th quarter. Quadrant Capital Group LLC now owns 780 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 52 shares during the period. CI Investments Inc. raised its holdings in Roper Technologies by 8.6% in the 4th quarter. CI Investments Inc. now owns 579 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 46 shares in the last quarter. Piedmont Investment Advisors Inc. raised its holdings in Roper Technologies by 12.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 3,128 shares of the industrial products company’s stock valued at $1,108,000 after acquiring an additional 341 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Roper Technologies by 5.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 78,925 shares of the industrial products company’s stock valued at $27,958,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Horizon Bancorp Inc. IN acquired a new position in Roper Technologies in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Several equities analysts have commented on the company. Wells Fargo & Co cut their price target on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Roper Technologies in a report on Friday, June 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Roper Technologies in a report on Thursday, May 28th. Barclays reaffirmed a “hold” rating and issued a $340.00 price target on shares of Roper Technologies in a report on Wednesday, April 29th. Finally, Argus cut their price target on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $385.20.

Shares of ROP opened at $388.26 on Wednesday. Roper Technologies Inc has a 1 year low of $240.00 and a 1 year high of $410.41. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $384.59 and a 200-day simple moving average of $356.42. The stock has a market cap of $40.26 billion, a PE ratio of 24.92, a PEG ratio of 3.02 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.14. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $3.30 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Roper Technologies Inc will post 12.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a dividend of $0.5125 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.05 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s dividend payout ratio is 15.71%.

In other Roper Technologies news, VP John K. Stipancich sold 4,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $370.00, for a total value of $1,480,000.00. Following the transaction, the vice president now directly owns 38,044 shares in the company, valued at approximately $14,076,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wilbur J. Prezzano sold 3,500 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $355.65, for a total value of $1,244,775.00. Following the completion of the transaction, the director now owns 16,880 shares in the company, valued at $6,003,372. The disclosure for this sale can be found here. Insiders have sold a total of 12,040 shares of company stock valued at $4,415,607 over the last ninety days. Insiders own 0.86% of the company’s stock.

Roper Technologies 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.

See Also: Compound Interest and Why It Matters When Investing

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Tower Research Capital LLC TRC Reduces Stock Position in Avis Budget Group Inc.
Tower Research Capital LLC TRC Reduces Stock Position in Avis Budget Group Inc.
Vanguard Materials ETF  Stock Position Decreased by Tower Research Capital LLC TRC
Vanguard Materials ETF Stock Position Decreased by Tower Research Capital LLC TRC
Booking Holdings Inc.  Shares Sold by Axa
Booking Holdings Inc. Shares Sold by Axa
Axa Sells 113,234 Shares of Citrix Systems, Inc.
Axa Sells 113,234 Shares of Citrix Systems, Inc.
NXP Semiconductors NV  Shares Sold by Axa
NXP Semiconductors NV Shares Sold by Axa
Axa Has $53.69 Million Stock Position in Msci Inc
Axa Has $53.69 Million Stock Position in Msci Inc


© 2006-2020 Ticker Report