Gofen & Glossberg LLC IL trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 992 shares of the industrial products company’s stock after selling 830 shares during the period. Gofen & Glossberg LLC IL’s holdings in Roper Technologies were worth $257,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ROP. Harding Loevner LP increased its stake in shares of Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after buying an additional 4,420,649 shares during the period. Janus Henderson Group PLC increased its stake in Roper Technologies by 309.5% in the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock valued at $210,649,000 after purchasing an additional 687,588 shares during the last quarter. Vanguard Group Inc. increased its stake in Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Roper Technologies by 91.4% in the second quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock valued at $71,488,000 after purchasing an additional 147,465 shares during the last quarter. Finally, KBC Group NV increased its stake in Roper Technologies by 179.0% in the third quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock valued at $46,950,000 after purchasing an additional 123,757 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.
Several equities analysts have commented on ROP shares. JPMorgan Chase & Co. upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Cowen reiterated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Royal Bank of Canada increased their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $256.27.
Shares of Roper Technologies Inc (ROP) opened at $276.59 on Thursday. The firm has a market capitalization of $28,137.32, a P/E ratio of 40.14, a PEG ratio of 2.21 and a beta of 1.06. Roper Technologies Inc has a fifty-two week low of $185.10 and a fifty-two week high of $277.12. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. sell-side analysts predict that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, January 8th. Roper Technologies’s dividend payout ratio is presently 23.95%.
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Roper Technologies Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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