Pioneer Investment Management Inc. Has $18.48 Million Position in Roper Technologies Inc (NYSE:ROP)
Pioneer Investment Management Inc. raised its stake in shares of Roper Technologies Inc (NYSE:ROP) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,823 shares of the industrial products company’s stock after buying an additional 17,326 shares during the period. Pioneer Investment Management Inc.’s holdings in Roper Technologies were worth $18,481,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Roper Technologies during the first quarter valued at about $542,000. Huntington National Bank raised its stake in 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 last quarter. Oakbrook Investments LLC acquired a new stake in Roper Technologies during the first quarter valued at about $903,000. DnB Asset Management AS raised its stake in 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 last quarter. Finally, Palisade Capital Management LLC NJ raised its stake in 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 last quarter. Institutional investors and hedge funds own 96.93% of the company’s stock.
Shares of Roper Technologies Inc (NYSE ROP) opened at 229.16 on Friday. Roper Technologies Inc has a 12-month low of $167.50 and a 12-month high of $238.49. The stock’s 50 day moving average is $234.06 and its 200-day moving average is $218.02. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 34.31 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 15.82% and a return on equity of 11.83%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. On average, analysts expect that Roper Technologies Inc will post $9.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.
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Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. BidaskClub lowered shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Canaccord Genuity restated a “hold” rating and set a $225.00 price target on shares of Roper Technologies in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $238.42.
In other news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $5,187,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 1,800 shares of the company’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 completion of the sale, the director now directly owns 66,104 shares in the company, valued at $15,117,984.80. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
About Roper Technologies
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