Acadian Asset Management LLC maintained its stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The fund owned 529 shares of the industrial products company’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Roper Technologies were worth $122,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in ROP. BlackRock Inc. increased its stake in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after buying an additional 7,689,856 shares during the period. Vanguard Group Inc. increased its stake in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares during the period. Mar Vista Investment Partners LLC acquired a new stake in Roper Technologies during the first quarter worth about $81,545,000. Renaissance Technologies LLC acquired a new stake in Roper Technologies during the first quarter worth about $76,360,000. Finally, Victory Capital Management Inc. increased its stake in Roper Technologies by 164.7% in the first quarter. Victory Capital Management Inc. now owns 509,560 shares of the industrial products company’s stock worth $105,220,000 after buying an additional 317,027 shares during the period. Hedge funds and other institutional investors own 96.65% of the company’s stock.
Roper Technologies, Inc. (NYSE:ROP) traded down 0.13% during trading on Friday, reaching $229.01. 147,831 shares of the company’s stock were exchanged. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 34.29 and a beta of 1.04. The firm’s 50-day moving average price is $234.07 and its 200-day moving average price is $219.55. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $238.49.
Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $1.56 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post $9.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio is presently 20.96%.
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ROP has been the topic of a number of recent research reports. Raymond James Financial, Inc. lifted their price objective on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a report on Monday, May 1st. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $238.42.
In other news, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the sale, the director now directly owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $228.70, for a total value of $411,660.00. Following the sale, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,800 shares of company stock valued at $1,587,200. Insiders own 2.50% of the company’s stock.
About Roper Technologies
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