Ted Buchan & Co bought a new position in Roper Technologies, Inc. (NYSE:ROP – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 577 shares of the industrial products company’s stock, valued at approximately $325,000.
Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the 1st quarter worth about $25,000. Rise Advisors LLC purchased a new position in Roper Technologies in the 1st quarter worth about $27,000. Fairscale Capital LLC purchased a new position in Roper Technologies in the 2nd quarter worth about $28,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the 1st quarter worth about $29,000. Finally, Versant Capital Management Inc increased its position in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Insider Activity
In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Roper Technologies
Roper Technologies Trading Up 0.5 %
ROP stock opened at $556.44 on Tuesday. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market capitalization of $59.56 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.89 and a beta of 1.02. The business has a 50 day simple moving average of $546.08 and a two-hundred day simple moving average of $545.55.
Roper Technologies (NYSE:ROP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Research analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio is currently 21.77%.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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