Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Woodstock Corp

Woodstock Corp increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,092 shares of the industrial products company’s stock after buying an additional 305 shares during the period. Woodstock Corp’s holdings in Roper Technologies were worth $3,726,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ROP. Vanguard Group Inc. raised its position in shares of Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock valued at $2,168,593,000 after buying an additional 479,056 shares in the last quarter. BlackRock Inc. raised its position in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after buying an additional 7,689,856 shares in the last quarter. State Street Corp raised its position in shares of Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock valued at $955,175,000 after buying an additional 203,844 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock valued at $297,819,000 after buying an additional 291,418 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Roper Technologies by 30.4% in the first quarter. Alliancebernstein L.P. now owns 1,177,757 shares of the industrial products company’s stock valued at $243,195,000 after buying an additional 274,914 shares in the last quarter. Institutional investors own 96.93% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded down 0.20% on Tuesday, reaching $235.98. The company’s stock had a trading volume of 263,030 shares. The firm’s 50 day moving average is $233.97 and its 200-day moving average is $216.65. The stock has a market cap of $24.09 billion, a P/E ratio of 35.33 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $1.56 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post $9.27 EPS for the current year.

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

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Several research firms have commented on ROP. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Finally, Canaccord Genuity restated a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $238.42.

In other news, Director Christopher Wright sold 1,800 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $15,117,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Roper Technologies Company Profile

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

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