Glenmede Trust Co. NA Has $422,000 Stake in Roper Technologies, Inc. (ROP)

Glenmede Trust Co. NA maintained its position in shares of Roper Technologies, Inc. (NYSE:ROP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors have also modified their holdings of ROP. Gulf International Bank UK Ltd boosted its position in shares of Roper Technologies by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 30,804 shares of the industrial products company’s stock worth $6,360,000 after buying an additional 670 shares during the last quarter. Creative Planning boosted its position in shares of Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock worth $148,000 after buying an additional 51 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Roper Technologies by 2.2% in the first quarter. Raymond James Trust N.A. now owns 3,615 shares of the industrial products company’s stock worth $747,000 after buying an additional 79 shares during the last quarter. Trust Co acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $206,000. Finally, Swarthmore Group Inc. boosted its position in shares of Roper Technologies by 55.7% in the first quarter. Swarthmore Group Inc. now owns 2,725 shares of the industrial products company’s stock worth $563,000 after buying an additional 975 shares during the last quarter. Institutional investors own 96.73% of the company’s stock.

Shares of Roper Technologies, Inc. (ROP) opened at 235.27 on Wednesday. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 36.31 and a beta of 1.05. Roper Technologies, Inc. has a one year low of $159.28 and a one year high of $236.51. The firm has a 50-day moving average of $227.90 and a 200-day moving average of $208.27.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.12. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post $9.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Wednesday, July 5th. Roper Technologies’s dividend payout ratio is currently 21.60%.

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A number of brokerages recently commented on ROP. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Raymond James Financial, Inc. lifted their target price on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Barclays PLC lifted their target price on shares of Roper Technologies from $221.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $235.80.

In other news, Director Christopher Wright sold 1,800 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $228.70, for a total value of $411,660.00. Following the sale, the director now owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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