Woodstock Corp increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,502 shares of the industrial products company’s stock after buying an additional 399 shares during the period. Woodstock Corp’s holdings in Roper Technologies were worth $6,253,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Edge Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth about $25,000. Samalin Investment Counsel LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth about $26,000. Childress Capital Advisors LLC acquired a new stake in Roper Technologies during the 4th quarter worth approximately $27,000. Capital Asset Advisory Services LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $31,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $34,000. Institutional investors own 91.73% of the company’s stock.
Several analysts have issued reports on ROP shares. Barclays increased their price objective on shares of Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating for the company in a research note on Monday, February 1st. Oppenheimer increased their target price on Roper Technologies from $460.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Argus increased their target price on Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $433.78.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, January 28th. The industrial products company reported $3.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.49 by $0.07. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business posted $3.39 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 12.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Monday, April 5th will be paid a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 0.54%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, April 1st. Roper Technologies’s dividend payout ratio (DPR) is presently 17.24%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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