Hoylecohen LLC purchased a new stake in Roper Technologies Inc (NYSE:ROP) during the first quarter, according to its most recent filing with the SEC. The firm purchased 750 shares of the industrial products company’s stock, valued at approximately $256,000.
Several other large investors have also recently made changes to their positions in the stock. Cutler Group LP acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. Berman Capital Advisors LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at $26,000. Pinnacle Bank bought a new position in shares of Roper Technologies in the fourth quarter valued at $26,000. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Roper Technologies in the first quarter valued at $27,000. Finally, Proficio Capital Partners LLC grew its stake in shares of Roper Technologies by 115.8% in the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock valued at $33,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.
A number of equities analysts have commented on ROP shares. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Tuesday, March 19th. Barclays boosted their price target on Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Oppenheimer boosted their target price on Roper Technologies from $335.00 to $375.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Raymond James boosted their target price on Roper Technologies from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Argus boosted their target price on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $349.90.
Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.52. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. Roper Technologies’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 earnings per share. Sell-side analysts forecast that Roper Technologies Inc will post 12.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, July 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.50%. Roper Technologies’s payout ratio is 15.66%.
In related 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 transaction, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $2,654,652. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the transaction, the director now directly owns 12,918 shares in the company, valued at $4,694,917.92. The disclosure for this sale can be found here. Insiders have sold a total of 49,750 shares of company stock valued at $17,659,170 in the last quarter. 1.90% of the stock is owned by corporate insiders.
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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