Roper Technologies Inc. (ROP) Stake Reduced by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. lowered its stake in Roper Technologies Inc. (NYSE:ROP) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,601 shares of the company’s stock after selling 1,877 shares during the period. Roper Technologies makes up about 2.2% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 21st largest position. Contravisory Investment Management Inc.’s holdings in Roper Technologies were worth $6,679,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Westbourne Investment Advisors Inc. acquired a new stake in Roper Technologies during the second quarter valued at approximately $136,000. Global X Management Co. LLC raised its stake in Roper Technologies by 75.7% in the second quarter. Global X Management Co. LLC now owns 940 shares of the company’s stock valued at $160,000 after buying an additional 405 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock valued at $169,000 after buying an additional 33 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in Roper Technologies during the second quarter valued at approximately $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Roper Technologies by 2.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,263 shares of the company’s stock valued at $215,000 after buying an additional 36 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.
Roper Technologies Inc. (NYSE:ROP) traded down 0.72% during trading on Friday, reaching $180.12. 319,099 shares of the company’s stock were exchanged. Roper Technologies Inc. has a 52 week low of $155.79 and a 52 week high of $195.93. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 26.90 and a beta of 0.87. The company’s 50 day moving average price is $175.54 and its 200-day moving average price is $174.16.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.04. The company had revenue of $947.30 million for the quarter, compared to analysts’ expectations of $955.48 million. Roper Technologies had a net margin of 18.41% and a return on equity of 12.14%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. On average, equities analysts expect that Roper Technologies Inc. will post $6.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Friday, October 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. Roper Technologies’s dividend payout ratio is currently 17.91%.
ROP has been the topic of several research reports. Argus initiated coverage on shares of Roper Technologies in a research report on Wednesday, October 19th. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price target on the stock in a research report on Monday, August 1st. Barclays PLC reduced their price objective on shares of Roper Technologies from $198.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $196.63.
Roper Technologies Company Profile
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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