Roper Technologies, Inc. (ROP) Holdings Lifted by Banque Pictet & Cie SA
Banque Pictet & Cie SA boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 13.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,785 shares of the industrial products company’s stock after purchasing an additional 1,800 shares during the quarter. Banque Pictet & Cie SA’s holdings in Roper Technologies were worth $3,599,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ROP. Creative Planning boosted its stake in Roper Technologies by 12.7% in the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of Roper Technologies by 3.4% during the 2nd quarter. Gulf International Bank UK Ltd now owns 31,859 shares of the industrial products company’s stock worth $7,376,000 after acquiring an additional 1,055 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $3,612,000. Hermes Investment Management Ltd. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $602,000. Finally, Bridges Investment Counsel Inc. raised its holdings in shares of Roper Technologies by 95.8% during the 2nd quarter. Bridges Investment Counsel Inc. now owns 17,387 shares of the industrial products company’s stock worth $4,026,000 after acquiring an additional 8,508 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.
Several analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. upped their price objective on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Robert W. Baird increased their price target on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $253.67.
Roper Technologies, Inc. (NYSE:ROP) traded down $0.16 during mid-day trading on Friday, reaching $256.34. The company’s stock had a trading volume of 345,253 shares, compared to its average volume of 357,511. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. Roper Technologies, Inc. has a twelve month low of $179.96 and a twelve month high of $261.37. The stock has a market capitalization of $26,220.00, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. equities research analysts forecast that Roper Technologies, Inc. will post 9.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s payout ratio is 20.35%.
In other news, Director Christopher Wright sold 250 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total transaction of $64,660.00. Following the transaction, the director now owns 64,450 shares of the company’s stock, valued at approximately $16,669,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total value of $1,038,040.00. Following the transaction, the director now directly owns 14,038 shares in the company, valued at approximately $3,643,001.38. The disclosure for this sale can be found here. Insiders have sold a total of 10,750 shares of company stock worth $2,681,690 in the last three months. Corporate insiders own 2.50% of the company’s stock.
Roper Technologies Profile
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