McKinley Carter Wealth Services Inc. reduced its stake in Roper Technologies Inc (NYSE:ROP) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,964 shares of the industrial products company’s stock after selling 161 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Roper Technologies were worth $3,283,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of ROP. Hoylecohen LLC purchased a new stake in Roper Technologies during the first quarter worth about $256,000. FMR LLC increased its stake in Roper Technologies by 95.8% during the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after purchasing an additional 848,157 shares during the period. Northern Trust Corp increased its stake in Roper Technologies by 1.8% during the first quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock worth $404,835,000 after purchasing an additional 21,194 shares during the period. Tredje AP fonden increased its stake in Roper Technologies by 1.5% during the first quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 129 shares during the period. Finally, Private Advisor Group LLC increased its stake in Roper Technologies by 29.7% during the first quarter. Private Advisor Group LLC now owns 4,298 shares of the industrial products company’s stock worth $1,469,000 after purchasing an additional 985 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.
A number of brokerages have recently commented on ROP. Wells Fargo & Co boosted their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada set a $393.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, July 26th. Stephens boosted their price objective on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Raymond James boosted their price objective on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Finally, Argus boosted their price objective on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $374.10.
ROP traded up $7.85 on Friday, reaching $357.41. The company’s stock had a trading volume of 376,800 shares, compared to its average volume of 538,923. The stock has a 50 day moving average of $367.53 and a two-hundred day moving average of $346.69. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $36.35 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.45 and a beta of 1.16. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $385.51.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 earnings per share. As a group, analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.
About Roper Technologies
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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