British Columbia Investment Management Corp Cuts Position in Roper Technologies Inc. (ROP)
British Columbia Investment Management Corp cut its position in shares of Roper Technologies Inc. (NYSE:ROP) by 20.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,311 shares of the company’s stock after selling 14,464 shares during the period. British Columbia Investment Management Corp owned 0.06% of Roper Technologies worth $10,275,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Roper Technologies by 2.2% in the second quarter. Vanguard Group Inc. now owns 9,549,544 shares of the company’s stock worth $1,628,770,000 after buying an additional 202,143 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Roper Technologies by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,571,045 shares of the company’s stock worth $438,517,000 after buying an additional 6,854 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Roper Technologies by 14.2% in the second quarter. Janus Capital Management LLC now owns 1,802,896 shares of the company’s stock worth $307,502,000 after buying an additional 224,624 shares in the last quarter. Swedbank increased its position in shares of Roper Technologies by 23.2% in the second quarter. Swedbank now owns 1,636,269 shares of the company’s stock worth $279,082,000 after buying an additional 307,759 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Roper Technologies by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,572,587 shares of the company’s stock valued at $268,220,000 after buying an additional 54,238 shares during the period. 96.30% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Inc. (NYSE:ROP) traded down 0.58% during midday trading on Friday, hitting $183.13. 172,323 shares of the stock traded hands. Roper Technologies Inc. has a 1-year low of $155.79 and a 1-year high of $195.93. The stock has a market cap of $18.58 billion, a PE ratio of 27.35 and a beta of 0.87. The company has a 50-day moving average of $175.63 and a 200-day moving average of $174.46.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 31st. The company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.04. The company earned $947.30 million during the quarter, compared to the consensus estimate of $955.48 million. Roper Technologies had a net margin of 18.41% and a return on equity of 12.14%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, equities analysts expect that Roper Technologies Inc. will post $6.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 23rd. Shareholders of record on Monday, January 9th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.76%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, January 5th. Roper Technologies’s payout ratio is currently 17.91%.
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Several research firms recently issued reports on ROP. Zacks Investment Research downgraded shares of Roper Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. RBC Capital Markets reaffirmed an “outperform” rating and set a $214.00 price target (up previously from $211.00) on shares of Roper Technologies in a research note on Tuesday, November 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $175.00 price target on shares of Roper Technologies in a research note on Wednesday, November 2nd. 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, JPMorgan Chase & Co. raised 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 note on Monday, August 1st. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Roper Technologies presently 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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