V Wealth Advisors LLC purchased a new stake in Roper Technologies Inc (NYSE:ROP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,929 shares of the industrial products company’s stock, valued at approximately $1,802,000.
Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. bought a new position in Roper Technologies in the first quarter valued at about $27,000. Shamrock Asset Management LLC bought a new position in Roper Technologies in the first quarter valued at about $34,000. Advisory Alpha LLC bought a new position in Roper Technologies in the first quarter valued at about $35,000. Lenox Wealth Management Inc. boosted its holdings in Roper Technologies by 369.6% in the first quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 85 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Roper Technologies by 47.1% in the second quarter. Huntington National Bank now owns 128 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 93.28% of the company’s stock.
Several equities analysts recently issued reports on the company. Royal Bank of Canada set a $393.00 price target on Roper Technologies and gave the company a “buy” rating in a report on Friday, July 26th. Raymond James raised their price target on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Barclays raised their price target on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Wells Fargo & Co increased their target price on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Argus increased their target price on Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $374.10.
Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the consensus estimate 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 prior year, the firm posted $2.89 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that Roper Technologies Inc will post 12.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Monday, July 8th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, July 5th. Roper Technologies’s payout ratio is 15.66%.
In other news, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the sale, the director now owns 7,700 shares of the company’s stock, valued at $2,654,652. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $363.44, for a total value of $726,880.00. Following the sale, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. Insiders sold 49,750 shares of company stock worth $17,659,170 in the last three months. Insiders own 1.90% 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.
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