Roper Technologies Inc (ROP) Shares Bought by Marshall Wace LLP
Marshall Wace LLP increased its position in Roper Technologies Inc (NYSE:ROP) by 22.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,557 shares of the industrial products company’s stock after purchasing an additional 28,920 shares during the quarter. Marshall Wace LLP owned approximately 0.16% of Roper Technologies worth $47,559,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after purchasing an additional 76,582 shares during the period. Legal & General Group Plc lifted its stake in shares of Roper Technologies by 6.3% in the 3rd quarter. Legal & General Group Plc now owns 481,952 shares of the industrial products company’s stock valued at $142,779,000 after purchasing an additional 28,466 shares during the period. Financial Enhancement Group LLC purchased a new position in Roper Technologies during the third quarter valued at $379,000. B. Riley Wealth Management Inc. purchased a new position in Roper Technologies during the third quarter valued at $2,115,000. Finally, Kentucky Retirement Systems purchased a new position in Roper Technologies during the third quarter valued at $1,137,000. Institutional investors own 91.26% of the company’s stock.
A number of brokerages have issued reports on ROP. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a research note on Friday, September 21st. Barclays lowered their price objective on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Finally, Stephens began coverage on Roper Technologies in a research note on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $319.08.
NYSE:ROP traded up $0.56 during trading hours on Thursday, reaching $287.22. 746,500 shares of the company traded hands, compared to its average volume of 464,340. The stock has a market capitalization of $29.65 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.98 and a beta of 1.15. Roper Technologies Inc has a 1 year low of $252.23 and a 1 year high of $312.65. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58.
Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.15. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. As a group, equities research analysts predict that Roper Technologies Inc will post 11.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be issued a $0.4625 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.64%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
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About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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