Creative Planning Has $187,000 Position in Roper Technologies, Inc. (NYSE:ROP)
Creative Planning raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 807 shares of the industrial products company’s stock after buying an additional 91 shares during the period. Creative Planning’s holdings in Roper Technologies were worth $187,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Huntington National Bank increased its position in shares of Roper Technologies by 756.6% in the first quarter. Huntington National Bank now owns 1,225 shares of the industrial products company’s stock valued at $253,000 after buying an additional 1,082 shares during the period. Oakbrook Investments LLC acquired a new position in shares of Roper Technologies during the first quarter valued at $903,000. DnB Asset Management AS increased its position in shares of Roper Technologies by 17.6% in the first quarter. DnB Asset Management AS now owns 14,711 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 2,200 shares during the period. Palisade Capital Management LLC NJ increased its position in shares of Roper Technologies by 146.2% in the first quarter. Palisade Capital Management LLC NJ now owns 8,112 shares of the industrial products company’s stock valued at $1,675,000 after buying an additional 4,817 shares during the period. Finally, Telemus Capital LLC increased its position in shares of Roper Technologies by 2.6% in the first quarter. Telemus Capital LLC now owns 8,830 shares of the industrial products company’s stock valued at $1,823,000 after buying an additional 223 shares during the period. Institutional investors own 96.93% of the company’s stock.
Shares of Roper Technologies, Inc. (NYSE:ROP) traded down 0.46% during mid-day trading on Wednesday, hitting $234.90. 57,153 shares of the stock traded hands. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 35.17 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49. The stock has a 50-day moving average of $233.97 and a 200-day moving average of $216.65.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The company’s revenue was up 23.2% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post $9.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 20.96%.
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Several brokerages have weighed in on ROP. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a research note on Wednesday, July 12th. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a research note on Friday, July 7th. Finally, Canaccord Genuity reissued a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $238.42.
In other news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were 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 in the company, valued at approximately $15,117,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.
About Roper Technologies
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