Mirador Capital Partners LP purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,500 shares of the industrial products company’s stock, valued at approximately $310,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Roper Technologies during the fourth quarter worth approximately $3,793,000. Bessemer Group Inc. boosted its position in Roper Technologies by 0.7% in the fourth quarter. Bessemer Group Inc. now owns 3,083 shares of the industrial products company’s stock worth $565,000 after buying an additional 21 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Roper Technologies by 69.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,178 shares of the industrial products company’s stock worth $399,000 after buying an additional 889 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Roper Technologies by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,815 shares of the industrial products company’s stock worth $1,065,000 after buying an additional 27 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Roper Technologies during the fourth quarter worth approximately $5,965,000. 97.02% of the stock is currently owned by institutional investors.
Shares of Roper Technologies, Inc. (NYSE ROP) traded up 0.64% during mid-day trading on Friday, hitting $232.20. The stock had a trading volume of 697,593 shares. Roper Technologies, Inc. has a one year low of $159.28 and a one year high of $233.10. The stock has a market cap of $23.69 billion, a P/E ratio of 35.84 and a beta of 1.00. The firm has a 50 day moving average of $224.59 and a 200-day moving average of $205.04.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.12. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Roper Technologies had a return on equity of 12.81% and a net margin of 16.74%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 earnings per share. Equities research analysts expect that Roper Technologies, Inc. will post $9.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.60%.
A number of research analysts recently commented on ROP shares. Argus raised Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price target on the stock in a report on Thursday, February 23rd. J P Morgan Chase & Co cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price target on the stock. in a report on Friday, March 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $245.00 price target on shares of Roper Technologies in a report on Tuesday, April 11th. Cowen and Company reissued an “outperform” rating and issued a $250.00 price target (up from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Finally, Barclays PLC decreased their price objective on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $226.56.
In other news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the transaction, the director now owns 66,104 shares in the company, valued at $15,117,984.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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