RKL Wealth Management LLC lessened its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 1.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,526 shares of the industrial products company’s stock after selling 155 shares during the quarter. RKL Wealth Management LLC’s holdings in Roper Technologies were worth $4,219,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hoylecohen LLC acquired a new position in Roper Technologies during the 1st quarter worth $256,000. FMR LLC boosted its position in Roper Technologies by 95.8% during the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after acquiring an additional 848,157 shares during the period. Northern Trust Corp boosted its position in Roper Technologies by 1.8% during the 1st quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock worth $404,835,000 after acquiring an additional 21,194 shares during the period. Tredje AP fonden boosted its position in Roper Technologies by 1.5% during the 1st quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock worth $3,002,000 after acquiring an additional 129 shares during the period. Finally, Private Advisor Group LLC boosted its position in Roper Technologies by 29.7% during the 1st quarter. Private Advisor Group LLC now owns 4,298 shares of the industrial products company’s stock worth $1,469,000 after acquiring an additional 985 shares during the period. Institutional investors own 93.04% of the company’s stock.
A number of research analysts have issued reports on the company. Barclays boosted their price target on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Royal Bank of Canada set a $393.00 price target on Roper Technologies and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James upped their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Oppenheimer upped their price objective on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Finally, Wells Fargo & Co upped their price objective on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $374.10.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.89 earnings per share. As a group, research analysts forecast that Roper Technologies Inc will post 13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Monday, July 8th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.52%. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.
In other news, Director Robert E. Knowling, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $363.44, for a total transaction of $726,880.00. Following the sale, the director now directly owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $344.76, for a total value of $258,570.00. Following the sale, the director now directly owns 7,700 shares in the company, valued at $2,654,652. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,750 shares of company stock valued at $17,659,170. Insiders own 1.90% of the company’s stock.
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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