Sumitomo Mitsui Trust Holdings Inc. decreased its position in Roper Technologies Inc. (NYSE:ROP) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 289,238 shares of the company’s stock after selling 4,752 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Roper Technologies were worth $49,332,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. PGGM Investments increased its position in shares of Roper Technologies by 8.1% in the second quarter. PGGM Investments now owns 194,677 shares of the company’s stock worth $33,204,000 after buying an additional 14,567 shares during the period. Bank of Montreal Can purchased a new position in shares of Roper Technologies during the second quarter worth approximately $32,333,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Roper Technologies during the first quarter worth approximately $2,678,000. Aviva PLC increased its position in shares of Roper Technologies by 1.0% in the first quarter. Aviva PLC now owns 50,921 shares of the company’s stock worth $9,307,000 after buying an additional 518 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Roper Technologies during the first quarter worth approximately $577,000. 94.58% of the stock is currently owned by institutional investors.
Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.87% on Monday, hitting $171.43. 451,043 shares of the company were exchanged. The company has a 50-day moving average price of $179.01 and a 200 day moving average price of $175.08. Roper Technologies Inc. has a 52-week low of $155.79 and a 52-week high of $195.93. The firm has a market cap of $17.37 billion, a P/E ratio of 25.79 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.05. The firm earned $932 million during the quarter, compared to analysts’ expectations of $948.22 million. Roper Technologies had a net margin of 18.53% and a return on equity of 12.37%. Roper Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share. Analysts predict that Roper Technologies Inc. will post $6.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Roper Technologies’s dividend payout ratio (DPR) is 18.05%.
ROP has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Roper Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Raymond James Financial Inc. assumed coverage on shares of Roper Technologies in a research report on Wednesday, July 20th. They set a “strong-buy” rating and a $206.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price target for the company in a research report on Monday, August 1st. RBC Capital Markets reiterated an “outperform” rating and set a $196.00 price target (down from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $193.22.
In other Roper Technologies news, Director Robert D. Johnson sold 1,400 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $173.41, for a total value of $242,774.00. Following the transaction, the director now directly owns 10,500 shares in the company, valued at approximately $1,820,805. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Humphrey sold 40,000 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $172.70, for a total transaction of $6,908,000.00. Following the completion of the transaction, the chief financial officer now owns 146,812 shares in the company, valued at $25,354,432.40. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
About Roper Technologies
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.