Duncker Streett & Co. Inc. grew its position in shares of Roper Technologies Inc (NYSE:ROP) by 3.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,674 shares of the industrial products company’s stock after acquiring an additional 249 shares during the period. Duncker Streett & Co. Inc.’s holdings in Roper Technologies were worth $2,624,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ROP. Pinnacle Bank purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $26,000. Cutler Group LP purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $26,000. Berman Capital Advisors LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $26,000. Proficio Capital Partners LLC grew its position in shares of Roper Technologies by 115.8% during the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Claybrook Capital LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.
Shares of NYSE:ROP traded down $1.81 during trading on Wednesday, reaching $356.73. 237,957 shares of the company were exchanged, compared to its average volume of 393,498. The firm has a market cap of $36.86 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $363.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10.
Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $2.61 earnings per share. Equities research analysts predict that Roper Technologies Inc will post 12.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, April 5th. Roper Technologies’s payout ratio is 15.66%.
In other news, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $326.97 per share, with a total value of $163,485.00. Following the completion of the acquisition, the director now owns 53,465 shares of the company’s stock, valued at $17,481,451.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $326.11, for a total transaction of $244,582.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,500 shares of company stock worth $17,492,530. 2.30% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on ROP shares. Barclays increased their price target on shares of Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a report on Wednesday, April 3rd. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Tuesday, March 19th. Wells Fargo & Co raised their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Finally, Argus raised their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $349.90.
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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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