Great West Life Assurance Co. Can lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 6.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 97,524 shares of the industrial products company’s stock after purchasing an additional 5,845 shares during the period. Great West Life Assurance Co. Can’s holdings in Roper Technologies were worth $47,140,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. My Legacy Advisors LLC grew its stake in shares of Roper Technologies by 1.0% in the second quarter. My Legacy Advisors LLC now owns 2,051 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 21 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of Roper Technologies by 4.3% in the first quarter. FineMark National Bank & Trust now owns 537 shares of the industrial products company’s stock valued at $237,000 after buying an additional 22 shares during the period. Avitas Wealth Management LLC raised its position in shares of Roper Technologies by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 6,298 shares of the industrial products company’s stock worth $3,028,000 after acquiring an additional 22 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of Roper Technologies by 4.6% in the first quarter. Advisors Capital Management LLC now owns 521 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 23 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in Roper Technologies by 4.2% in the second quarter. DAVENPORT & Co LLC now owns 569 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ROP. Argus boosted their price target on shares of Roper Technologies from $490.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Truist Financial restated a “buy” rating and issued a $575.00 target price on shares of Roper Technologies in a report on Friday, October 20th. TheStreet upgraded Roper Technologies from a “c+” rating to a “b-” rating in a report on Friday, November 10th. Royal Bank of Canada lowered their price objective on Roper Technologies from $587.00 to $570.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Finally, Barclays upped their target price on Roper Technologies from $550.00 to $560.00 in a research report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $529.20.
Insiders Place Their Bets
In related news, Director Shellye L. Archambeau sold 479 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $490.13, for a total transaction of $234,772.27. Following the completion of the transaction, the director now owns 8,317 shares in the company, valued at $4,076,411.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Christopher Wright sold 1,100 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $498.56, for a total value of $548,416.00. Following the sale, the director now directly owns 36,727 shares in the company, valued at approximately $18,310,613.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shellye L. Archambeau sold 479 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $490.13, for a total transaction of $234,772.27. Following the transaction, the director now owns 8,317 shares of the company’s stock, valued at approximately $4,076,411.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,436 shares of company stock valued at $2,217,545. Corporate insiders own 0.94% of the company’s stock.
Roper Technologies Price Performance
Shares of NYSE:ROP opened at $524.72 on Tuesday. Roper Technologies, Inc. has a twelve month low of $416.77 and a twelve month high of $529.99. The stock’s 50 day moving average is $497.10 and its 200-day moving average is $482.80. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $56.05 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 3.00 and a beta of 1.02.
Roper Technologies (NYSE:ROP – Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.11. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Roper Technologies had a return on equity of 10.54% and a net margin of 48.77%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.67 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 16.66 EPS for the current fiscal year.
Roper Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s payout ratio is 9.99%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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