Roper Technologies Inc. (ROP) Stake Raised by Bristol Gate Capital Partners Inc.
Bristol Gate Capital Partners Inc. raised its stake in shares of Roper Technologies Inc. (NYSE:ROP) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 153,750 shares of the company’s stock after buying an additional 7,530 shares during the period. Roper Technologies comprises about 4.7% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 14th largest position. Bristol Gate Capital Partners Inc.’s holdings in Roper Technologies were worth $26,224,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ROP. Geode Capital Management LLC boosted its position in Roper Technologies by 2.0% in the first quarter. Geode Capital Management LLC now owns 814,192 shares of the company’s stock valued at $148,507,000 after buying an additional 15,960 shares during the period. Loomis Sayles & Co. L P boosted its position in Roper Technologies by 50.6% in the first quarter. Loomis Sayles & Co. L P now owns 89,430 shares of the company’s stock valued at $16,345,000 after buying an additional 30,050 shares during the period. Goldman Sachs Group Inc. boosted its position in Roper Technologies by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 671,958 shares of the company’s stock valued at $122,814,000 after buying an additional 294,767 shares during the period. Cleararc Capital Inc. boosted its position in Roper Technologies by 0.7% in the first quarter. Cleararc Capital Inc. now owns 2,471 shares of the company’s stock valued at $452,000 after buying an additional 18 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in Roper Technologies by 1.8% in the first quarter. Pictet Asset Management Ltd. now owns 650,990 shares of the company’s stock valued at $109,320,000 after buying an additional 11,390 shares during the period. 94.58% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Inc. (NYSE:ROP) traded up 0.64% during midday trading on Tuesday, reaching $172.52. The company’s stock had a trading volume of 531,515 shares. Roper Technologies Inc. has a 12-month low of $155.79 and a 12-month high of $195.93. The firm has a 50 day moving average price of $178.83 and a 200-day moving average price of $174.89. The company has a market cap of $17.48 billion, a P/E ratio of 25.95 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.61 by $0.05. The firm had revenue of $932 million for the quarter, compared to analysts’ expectations of $948.22 million. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Roper Technologies Inc. will post $6.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.20 annualized dividend and a yield of 0.70%. Roper Technologies’s payout ratio is currently 18.05%.
Several research firms have recently issued reports on ROP. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. Raymond James Financial Inc. started coverage on Roper Technologies in a research note on Wednesday, July 20th. They issued a “strong-buy” rating and a $206.00 price target on the stock. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price target on the stock in a research note on Monday, August 1st. RBC Capital Markets reaffirmed an “outperform” rating and issued a $196.00 price target (down from $205.00) on shares of Roper Technologies in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada reduced their price target on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $193.22.
In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction on Monday, August 1st. The stock was sold at an average price of $171.54, for a total value of $686,160.00. Following the transaction, the director now directly owns 14,038 shares in the company, valued at approximately $2,408,078.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Humphrey sold 40,000 shares of Roper Technologies stock in a transaction on Friday, August 12th. The shares were sold at an average price of $172.70, for a total value of $6,908,000.00. Following the completion of the transaction, the chief financial officer now owns 146,812 shares in the company, valued at $25,354,432.40. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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