TD Asset Management Inc. decreased its stake in Roper Technologies Inc (NYSE:ROP) by 5.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 169,959 shares of the industrial products company’s stock after selling 10,126 shares during the period. TD Asset Management Inc.’s holdings in Roper Technologies were worth $50,344,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. First Mercantile Trust Co. lifted its stake in shares of Roper Technologies by 28.6% during the second quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 173 shares during the period. Neuburgh Advisers LLC lifted its stake in shares of Roper Technologies by 10.9% during the second quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 176 shares during the period. HL Financial Services LLC lifted its stake in shares of Roper Technologies by 15.8% during the second quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 185 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Roper Technologies by 17.8% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 188 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Roper Technologies by 1.3% during the second quarter. Mutual of America Capital Management LLC now owns 14,612 shares of the industrial products company’s stock valued at $4,032,000 after acquiring an additional 193 shares during the period. 92.24% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. JPMorgan Chase & Co. lowered Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price target on the stock. in a research note on Friday, September 21st. Raymond James lowered Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Finally, Barclays cut their price target on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $317.82.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.15. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.36 earnings per share. On average, equities research analysts predict that Roper Technologies Inc will post 11.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 8th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is presently 17.52%.
In related news, Director Richard F. Wallman acquired 500 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the acquisition, the director now owns 52,965 shares of the company’s stock, valued at approximately $16,543,617.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
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About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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