Mutual of America Capital Management LLC increased its position in Roper Technologies Inc. (NYSE:ROP) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,476 shares of the company’s stock after buying an additional 479 shares during the period. Mutual of America Capital Management LLC’s holdings in Roper Technologies were worth $2,459,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ROP. Creative Planning raised its position in Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the company’s stock valued at $118,000 after buying an additional 361 shares during the last quarter. Westbourne Investment Advisors Inc. acquired a new position in Roper Technologies during the second quarter valued at $136,000. Global X Management Co. LLC raised its position in Roper Technologies by 75.7% in the second quarter. Global X Management Co. LLC now owns 940 shares of the company’s stock valued at $160,000 after buying an additional 405 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock valued at $169,000 after buying an additional 33 shares during the last quarter. Finally, MSI Financial Services Inc raised its position in Roper Technologies by 32.8% in the third quarter. MSI Financial Services Inc now owns 927 shares of the company’s stock valued at $169,000 after buying an additional 229 shares during the last quarter. 96.30% of the stock is currently owned by institutional investors.
Shares of Roper Technologies Inc. (NYSE:ROP) opened at 183.13 on Friday. The stock’s 50 day moving average price is $175.63 and its 200 day moving average price is $174.46. The company has a market cap of $18.58 billion, a P/E 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 posted its quarterly earnings results on Monday, October 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.04. Roper Technologies had a return on equity of 12.14% and a net margin of 18.41%. The business had revenue of $947.30 million for the quarter, compared to analyst estimates of $955.48 million. During the same period last year, the company earned $1.61 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that Roper Technologies Inc. will post $6.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be given a $0.35 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, January 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 17.91%.
Several research analysts recently weighed in on ROP shares. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Royal Bank Of Canada upped their price target on Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a research report on Tuesday, November 1st. Argus assumed coverage on Roper Technologies in a research report on Wednesday, October 19th. They set a “hold” rating on the stock. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 target price on the stock in a research note on Monday, August 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $175.00 target price on shares of Roper Technologies in a research note on Wednesday, November 2nd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus 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.