Glenmede Trust Co. NA Maintains Position in Roper Technologies, Inc. (ROP)

Glenmede Trust Co. NA held its stake in Roper Technologies, Inc. (NYSE:ROP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,308 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Roper Technologies were worth $422,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Roper Technologies by 0.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock valued at $293,000 after buying an additional 5 shares in the last quarter. Montecito Bank & Trust increased its stake in shares of Roper Technologies by 0.7% in the first quarter. Montecito Bank & Trust now owns 1,769 shares of the industrial products company’s stock valued at $365,000 after buying an additional 12 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of Roper Technologies by 1.4% in the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock valued at $516,000 after buying an additional 35 shares in the last quarter. Finally, Lakeview Capital Partners LLC increased its stake in shares of Roper Technologies by 3.4% in the first quarter. Lakeview Capital Partners LLC now owns 1,214 shares of the industrial products company’s stock valued at $251,000 after buying an additional 40 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

Roper Technologies, Inc. (NYSE ROP) traded up 0.11% during midday trading on Friday, hitting $236.66. The stock had a trading volume of 260,820 shares. The company’s 50-day moving average price is $233.38 and its 200 day moving average price is $216.23. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The stock has a market cap of $24.16 billion, a P/E ratio of 35.43 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies, Inc. will post $9.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is 20.96%.

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Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $238.42.

In related news, Director Christopher Wright sold 1,800 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the transaction, the director now directly owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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