Neumann Capital Management LLC decreased its stake in Roper Technologies Inc (NYSE:ROP) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,475 shares of the industrial products company's stock after selling 100 shares during the quarter. Neumann Capital Management LLC's holdings in Roper Technologies were worth $1,596,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its holdings in shares of Roper Technologies by 7,677.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,000,266 shares of the industrial products company's stock worth $732,618,000 after purchasing an additional 1,974,547 shares during the period. JPMorgan Chase & Co. boosted its holdings in Roper Technologies by 3.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,325,385 shares of the industrial products company's stock valued at $481,034,000 after acquiring an additional 39,516 shares during the period. Invesco Ltd. boosted its holdings in Roper Technologies by 29.0% during the 2nd quarter. Invesco Ltd. now owns 1,276,987 shares of the industrial products company's stock valued at $467,709,000 after acquiring an additional 287,128 shares during the period. Northern Trust Corp boosted its holdings in Roper Technologies by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,198,063 shares of the industrial products company's stock valued at $438,803,000 after acquiring an additional 14,228 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in Roper Technologies by 0.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 456,129 shares of the industrial products company's stock valued at $162,656,000 after acquiring an additional 1,627 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.
ROP traded down $1.52 during trading hours on Monday, reaching $332.95. 654,551 shares of the company's stock traded hands, compared to its average volume of 449,967. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $349.86 and a 200 day moving average price of $357.31. The firm has a market capitalization of $34.56 billion, a PE ratio of 28.19, a PEG ratio of 2.32 and a beta of 1.14. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51.
Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.19 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. Roper Technologies's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.09 EPS. Equities analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Friday, October 4th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 15.66%.
ROP has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $383.00 price objective on Roper Technologies and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $291.00 to $298.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Wells Fargo & Co boosted their price objective on Roper Technologies from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. Raymond James boosted their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an "outperform" rating in a report on Wednesday, July 3rd. Finally, Oppenheimer boosted their price objective on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of "Buy" and an average target price of $373.10.
In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the sale, the director now directly owns 9,080 shares of the company's stock, valued at approximately $3,296,403.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the sale, the director now directly owns 15,380 shares of the company's stock, valued at $5,545,105.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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