Eqis Capital Management Inc. Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Eqis Capital Management Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 2,753 shares of the industrial products company’s stock after acquiring an additional 33 shares during the period. Eqis Capital Management Inc.’s holdings in Roper Technologies were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Roper Technologies by 3.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 29,822 shares of the industrial products company’s stock worth $12,028,000 after purchasing an additional 1,132 shares during the last quarter. Geode Capital Management LLC boosted its position in Roper Technologies by 2.1% in the first quarter. Geode Capital Management LLC now owns 1,520,950 shares of the industrial products company’s stock worth $611,529,000 after purchasing an additional 31,728 shares during the last quarter. Alliancebernstein L.P. boosted its position in Roper Technologies by 8.1% in the second quarter. Alliancebernstein L.P. now owns 1,851,587 shares of the industrial products company’s stock worth $870,616,000 after purchasing an additional 139,486 shares during the last quarter. Weld Capital Management LLC purchased a new position in Roper Technologies in the first quarter worth $1,269,000. Finally, Lansing Management LP boosted its position in Roper Technologies by 0.5% in the first quarter. Lansing Management LP now owns 44,125 shares of the industrial products company’s stock worth $17,797,000 after purchasing an additional 226 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Raymond James reissued a “buy” rating and issued a $550.00 price objective on shares of Roper Technologies in a research report on Friday, July 23rd. Cowen reaffirmed an “outperform” rating and set a $489.73 price target (down previously from $500.00) on shares of Roper Technologies in a research report on Monday, July 26th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $320.00 to $355.00 and gave the company an “underweight” rating in a research note on Friday, August 6th. Barclays boosted their price objective on Roper Technologies from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Finally, Royal Bank of Canada boosted their price objective on Roper Technologies from $499.00 to $556.00 and gave the company an “outperform” rating in a research note on Monday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $497.29.

Shares of NYSE ROP opened at $466.00 on Friday. The firm has a market capitalization of $49.13 billion, a P/E ratio of 46.41, a P/E/G ratio of 2.97 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The stock’s 50-day simple moving average is $481.07 and its two-hundred day simple moving average is $453.31. Roper Technologies, Inc. has a twelve month low of $362.90 and a twelve month high of $499.21.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 22nd. The industrial products company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.09. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a return on equity of 14.07% and a net margin of 17.80%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 EPS. As a group, research analysts anticipate that Roper Technologies, Inc. will post 15.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 20th. Stockholders of record on Wednesday, October 6th will be given a dividend of $0.5625 per share. The ex-dividend date is Tuesday, October 5th. This represents a $2.25 annualized dividend and a dividend yield of 0.48%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.66%.

In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $483.35, for a total value of $241,675.00. Following the completion of the sale, the director now owns 7,269 shares in the company, valued at approximately $3,513,471.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc is diversified technology company, which engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

Featured Story: The limitations of an equal weight rating

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP).

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.