Bessemer Group Inc. Reduces Position in Roper Technologies, Inc. (NYSE:ROP)
Bessemer Group Inc. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,070 shares of the industrial products company’s stock after selling 3,575 shares during the period. Bessemer Group Inc.’s holdings in Roper Technologies were worth $6,731,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Motco increased its position in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares in the last quarter. Private Advisor Group LLC purchased a new position in Roper Technologies during the first quarter worth approximately $118,000. Northwestern Mutual Wealth Management Co. increased its position in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after buying an additional 51 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.
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A number of research analysts have recently commented on ROP shares. Raymond James Financial, Inc. increased their target price on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a research report on Monday, May 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $245.00 target price on shares of Roper Technologies in a research report on Tuesday, April 11th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Finally, BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $238.42.
In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the transaction, the director now owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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