TD Asset Management Inc. decreased its position in Roper Technologies Inc. (NYSE:ROP) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,949 shares of the company’s stock after selling 15,740 shares during the period. TD Asset Management Inc. owned about 0.25% of Roper Technologies worth $45,791,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in Roper Technologies by 936.2% in the second quarter. Point72 Asset Management L.P. now owns 492,200 shares of the company’s stock worth $83,950,000 after buying an additional 444,700 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Roper Technologies by 79.2% in the second quarter. Artisan Partners Limited Partnership now owns 816,763 shares of the company’s stock worth $139,307,000 after buying an additional 360,946 shares in the last quarter. Swedbank increased its stake in Roper Technologies by 23.2% in the second quarter. Swedbank now owns 1,636,269 shares of the company’s stock worth $279,082,000 after buying an additional 307,759 shares in the last quarter. Janus Capital Management LLC increased its stake in Roper Technologies by 14.2% in the second quarter. Janus Capital Management LLC now owns 1,802,896 shares of the company’s stock worth $307,502,000 after buying an additional 224,624 shares in the last quarter. Finally, Flossbach Von Storch AG increased its stake in Roper Technologies by 3,014.3% in the third quarter. Flossbach Von Storch AG now owns 218,000 shares of the company’s stock worth $39,778,000 after buying an additional 211,000 shares in the last quarter. Institutional investors own 96.30% of the company’s stock.
Roper Technologies Inc. (NYSE:ROP) traded down 0.58% on Friday, hitting $183.13. The stock had a trading volume of 172,323 shares. Roper Technologies Inc. has a 52 week low of $155.79 and a 52 week high of $195.93. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 27.35 and a beta of 0.87. The company has a 50-day moving average price of $175.76 and a 200-day moving average price of $174.40.
Roper Technologies (NYSE:ROP) last announced its 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. The business earned $947.30 million during the quarter, compared to analyst estimates of $955.48 million. Roper Technologies had a return on equity of 12.14% and a net margin of 18.41%. Roper Technologies’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. Equities research analysts anticipate that Roper Technologies Inc. will post $6.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 23rd. Investors of record on Monday, January 9th will be given a dividend of $0.35 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a 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%.
A number of equities research analysts recently commented on the company. RBC Capital Markets reiterated an “outperform” rating and issued a $214.00 price objective (up previously from $211.00) on shares of Roper Technologies in a report on Tuesday, November 1st. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 target price for the company in a research note on Monday, August 1st. Canaccord Genuity reissued a “hold” rating and issued a $175.00 target price on shares of Roper Technologies in a research note on Wednesday, November 2nd. Finally, Royal Bank Of Canada boosted their target price on Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $196.63.
Roper Technologies Company Profile