Royal London Asset Management Ltd. grew its holdings in Roper Technologies Inc (NYSE:ROP) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,131 shares of the industrial products company’s stock after acquiring an additional 5,743 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Roper Technologies worth $16,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Roper Technologies in the second quarter valued at about $113,000. Fort L.P. purchased a new position in shares of Roper Technologies in the second quarter valued at about $120,000. Psagot Investment House Ltd. bought a new stake in shares of Roper Technologies in the third quarter worth about $124,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Roper Technologies in the third quarter worth about $126,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Roper Technologies in the second quarter worth about $149,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

Several brokerages have recently issued reports on ROP. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Cowen reaffirmed a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a report on Tuesday, July 31st. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Argus lifted their target price on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $317.82.

In other Roper Technologies news, Director Richard F. Wallman bought 500 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were purchased at an average price of $312.35 per share, with a total value of $156,175.00. Following the completion of the purchase, the director now owns 52,965 shares in the company, valued at approximately $16,543,617.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Shares of NYSE ROP opened at $297.79 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. Roper Technologies Inc has a 1-year low of $252.23 and a 1-year high of $312.65. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.06 and a beta of 1.14.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $2.36 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts predict that Roper Technologies Inc will post 11.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be paid a dividend of $0.4625 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.41. This represents a $1.85 annualized dividend and a yield of 0.62%. The ex-dividend date is Tuesday, January 8th. Roper Technologies’s payout ratio is presently 17.52%.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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