Exxonmobil Investment Management Inc. TX reduced its position in Roper Technologies Inc. (NYSE:ROP) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 25,876 shares of the company’s stock after selling 320 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Roper Technologies were worth $4,722,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Woodstock Corp boosted its position in Roper Technologies by 12.1% in the third quarter. Woodstock Corp now owns 12,292 shares of the company’s stock worth $2,243,000 after buying an additional 1,325 shares during the period. Telemus Capital LLC boosted its position in Roper Technologies by 21.4% in the third quarter. Telemus Capital LLC now owns 8,682 shares of the company’s stock worth $1,584,000 after buying an additional 1,530 shares during the period. Evercore Wealth Management LLC boosted its position in Roper Technologies by 0.9% in the second quarter. Evercore Wealth Management LLC now owns 202,018 shares of the company’s stock worth $34,456,000 after buying an additional 1,787 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Roper Technologies during the second quarter worth $697,000. Finally, Kentucky Retirement Systems bought a new position in Roper Technologies during the second quarter worth $1,468,000. 96.30% of the stock is owned by institutional investors.
Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.58% during midday trading on Friday, hitting $183.13. The stock had a trading volume of 172,323 shares. The firm has a 50-day moving average price of $175.63 and a 200-day moving average price of $174.46. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 27.35 and a beta of 0.87. Roper Technologies Inc. has a 1-year low of $155.79 and a 1-year high of $195.93.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.04. Roper Technologies had a return on equity of 12.14% and a net margin of 18.41%. The company earned $947.30 million during the quarter, compared to the consensus estimate of $955.48 million. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies Inc. will post $6.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, January 5th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.30. Roper Technologies’s dividend payout ratio is 17.91%.
ROP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Roper Technologies in a research report on Wednesday, November 2nd. Royal Bank Of Canada lifted their price objective on Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a research report on Tuesday, November 1st. RBC Capital Markets reaffirmed an “outperform” rating and issued a $214.00 price objective (up previously from $211.00) on shares of Roper Technologies in a research report on Tuesday, November 1st. Finally, Argus initiated coverage on Roper Technologies in a research report on Wednesday, October 19th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $196.63.
Roper Technologies Company Profile
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.