Roper Technologies Inc. (ROP) Position Decreased by JPMorgan Chase & Co.
JPMorgan Chase & Co. decreased its position in Roper Technologies Inc. (NYSE:ROP) by 22.7% during the third quarter, Holdings Channel reports. The fund owned 1,038,930 shares of the company’s stock after selling 305,308 shares during the period. JPMorgan Chase & Co.’s holdings in Roper Technologies were worth $190,126,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Euclid Advisors LLC boosted its position in Roper Technologies by 72.2% in the first quarter. Euclid Advisors LLC now owns 9,997 shares of the company’s stock worth $1,827,000 after buying an additional 4,190 shares during the last quarter. DNB Asset Management AS boosted its position in Roper Technologies by 2.6% in the second quarter. DNB Asset Management AS now owns 11,711 shares of the company’s stock worth $1,997,000 after buying an additional 300 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Roper Technologies by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 26,196 shares of the company’s stock worth $4,468,000 after buying an additional 1,589 shares during the last quarter. American National Bank boosted its position in Roper Technologies by 2.6% in the second quarter. American National Bank now owns 22,467 shares of the company’s stock worth $3,832,000 after buying an additional 570 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Roper Technologies during the second quarter worth approximately $219,000. 99.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Roper Technologies Inc. (NYSE:ROP) opened at 181.11 on Thursday. Roper Technologies Inc. has a 1-year low of $155.79 and a 1-year high of $194.98. The firm’s 50-day moving average is $175.69 and its 200 day moving average is $174.47. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 27.04 and a beta of 0.87.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 31st. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.61 by $0.04. Roper Technologies had a return on equity of 12.14% and a net margin of 18.41%. The company had revenue of $947.30 million for the quarter, compared to the consensus estimate of $955.48 million. During the same quarter last year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts expect that Roper Technologies Inc. will post $6.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 23rd. Shareholders of record on Monday, January 9th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, January 5th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.30. Roper Technologies’s dividend payout ratio (DPR) is 17.91%.
ROP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Argus initiated coverage on shares of Roper Technologies in a research note on Wednesday, October 19th. They issued a “hold” rating for the company. RBC Capital Markets restated an “outperform” rating and issued a $214.00 price target (up previously from $211.00) on shares of Roper Technologies in a research note on Tuesday, November 1st. Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $211.00 to $214.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $175.00 price target on shares of Roper Technologies in a research note on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Roper Technologies presently has an average rating of “Buy” and an average target price of $196.63.
About Roper Technologies
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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