MML Investors Services LLC increased its holdings in Roper Technologies Inc (NYSE:ROP) by 34.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,831 shares of the industrial products company’s stock after buying an additional 1,227 shares during the period. MML Investors Services LLC’s holdings in Roper Technologies were worth $1,431,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. New England Research & Management Inc. acquired a new position in Roper Technologies in the 3rd quarter valued at about $222,000. GSA Capital Partners LLP acquired a new position in Roper Technologies in the 2nd quarter valued at about $1,127,000. Tower Research Capital LLC TRC raised its stake in Roper Technologies by 229.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 647 shares during the last quarter. Highland Capital Management LP acquired a new position in Roper Technologies in the 2nd quarter valued at about $8,677,000. Finally, Global X Management Co LLC raised its stake in Roper Technologies by 8.9% in the 2nd quarter. Global X Management Co LLC now owns 2,658 shares of the industrial products company’s stock valued at $733,000 after purchasing an additional 217 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Christopher Wright sold 600 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $294.85, for a total transaction of $176,910.00. Following the completion of the transaction, the director now owns 63,080 shares of the company’s stock, valued at approximately $18,599,138. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman acquired 500 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were bought at an average cost of $312.35 per share, with a total value of $156,175.00. Following the purchase, the director now owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.15. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $2.36 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. Roper Technologies’s dividend payout ratio is currently 17.52%.
ROP has been the subject of several analyst reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price for the company in a research note on Monday, July 30th. Cowen reissued a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a research note on Tuesday, July 31st. Argus boosted their target price on shares of Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. downgraded shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price for the company. in a research note on Friday, September 21st. Finally, Barclays cut their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $319.08.
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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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