Roper Technologies Inc (ROP) Shares Bought by Telemus Capital LLC
Telemus Capital LLC boosted its stake in shares of Roper Technologies Inc (NYSE:ROP) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,830 shares of the industrial products company’s stock after buying an additional 223 shares during the period. Telemus Capital LLC’s holdings in Roper Technologies were worth $1,823,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Roper Technologies by 7.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,218,855 shares of the industrial products company’s stock valued at $2,594,514,000 after buying an additional 961,508 shares during the last quarter. State Street Corp boosted its position in Roper Technologies by 4.6% in the fourth quarter. State Street Corp now owns 4,421,947 shares of the industrial products company’s stock valued at $809,561,000 after buying an additional 195,267 shares during the period. Brown Advisory Inc. boosted its position in Roper Technologies by 34.0% in the fourth quarter. Brown Advisory Inc. now owns 2,292,521 shares of the industrial products company’s stock valued at $419,715,000 after buying an additional 581,048 shares during the period. Principal Financial Group Inc. boosted its position in Roper Technologies by 2.6% in the third quarter. Principal Financial Group Inc. now owns 1,901,726 shares of the industrial products company’s stock valued at $347,007,000 after buying an additional 47,862 shares during the period. Finally, Northern Trust Corp boosted its position in Roper Technologies by 1.2% in the third quarter. Northern Trust Corp now owns 1,236,864 shares of the industrial products company’s stock valued at $225,691,000 after buying an additional 15,005 shares during the period. Institutional investors own 97.47% of the company’s stock.
Shares of Roper Technologies Inc (NYSE:ROP) traded down 0.14% during mid-day trading on Tuesday, reaching $207.14. 357,529 shares of the company were exchanged. The stock has a market capitalization of $21.10 billion, a P/E ratio of 32.21 and a beta of 0.87. The firm has a 50-day moving average price of $209.10 and a 200 day moving average price of $191.02. Roper Technologies Inc has a 12 month low of $159.28 and a 12 month high of $214.44.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, February 9th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. Roper Technologies had a net margin of 17.38% and a return on equity of 11.97%. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Roper Technologies Inc will post $9.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, April 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, April 5th. Roper Technologies’s dividend payout ratio is currently 21.77%.
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Several research analysts have recently issued reports on ROP shares. Royal Bank of Canada reiterated a “buy” rating and issued a $214.00 price objective on shares of Roper Technologies in a report on Thursday, January 5th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, January 3rd. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a report on Thursday, February 23rd. Barclays PLC reiterated a “buy” rating and issued a $221.00 price objective on shares of Roper Technologies in a report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price objective for the company. in a report on Friday, March 24th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $218.10.
In related news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $207.18, for a total transaction of $207,180.00. Following the completion of the transaction, the director now directly owns 66,404 shares of the company’s stock, valued at approximately $13,757,580.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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