Redpoint Investment Management Pty Ltd Buys 238 Shares of Roper Technologies, Inc. (NYSE:ROP)


Share on StockTwits

Redpoint Investment Management Pty Ltd lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,792 shares of the industrial products company’s stock after acquiring an additional 238 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Roper Technologies were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. OLD Mission Capital LLC lifted its holdings in shares of Roper Technologies by 111.0% during the 3rd quarter. OLD Mission Capital LLC now owns 14,161 shares of the industrial products company’s stock worth $5,595,000 after acquiring an additional 7,449 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in Roper Technologies by 540.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 19,179 shares of the industrial products company’s stock worth $7,577,000 after purchasing an additional 16,184 shares during the period. Paces Ferry Wealth Advisors LLC purchased a new position in Roper Technologies in the 3rd quarter worth $1,770,000. Codex Capital L.L.C. purchased a new position in Roper Technologies in the 3rd quarter worth $4,938,000. Finally, Brinker Capital Investments LLC raised its position in Roper Technologies by 340.4% in the 3rd quarter. Brinker Capital Investments LLC now owns 8,901 shares of the industrial products company’s stock worth $3,517,000 after purchasing an additional 6,880 shares during the period. 91.73% of the stock is owned by institutional investors.

Shares of NYSE ROP opened at $424.95 on Friday. The firm’s 50 day moving average price is $398.07 and its 200-day moving average price is $407.18. The company has a market cap of $44.59 billion, a PE ratio of 28.62, a P/E/G ratio of 2.73 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $304.55 and a 52-week high of $455.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.73.

Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, January 28th. The industrial products company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. Roper Technologies had a net margin of 28.89% and a return on equity of 13.53%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 earnings per share. On average, analysts forecast that Roper Technologies, Inc. will post 12.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Monday, April 5th will be issued a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 0.53%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, April 1st. Roper Technologies’s payout ratio is presently 17.24%.

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Roper Technologies from $460.00 to $505.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Roper Technologies from $320.00 to $310.00 and set an “underweight” rating on the stock in a research note on Monday, February 1st. Argus lifted their target price on shares of Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. Finally, Barclays boosted their price objective on shares of Roper Technologies from $440.00 to $445.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $433.78.

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.

Featured Story: How is diluted EPS different from basic EPS?

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.