Virtu KCG Holdings LLC Trims Position in Roper Technologies, Inc. (ROP)
Virtu KCG Holdings LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 46.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,936 shares of the industrial products company’s stock after selling 3,357 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Roper Technologies were worth $911,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley raised its holdings in Roper Technologies by 62.8% during the first quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock worth $57,704,000 after buying an additional 107,785 shares during the last quarter. Wells Fargo & Company MN grew its stake in Roper Technologies by 32.5% in the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock valued at $50,197,000 after purchasing an additional 53,202 shares during the period. Parallel Advisors LLC increased its position in shares of Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 106 shares during the last quarter. Swiss National Bank increased its position in shares of Roper Technologies by 3.5% during the 2nd quarter. Swiss National Bank now owns 371,958 shares of the industrial products company’s stock valued at $86,119,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its position in shares of Roper Technologies by 51.8% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 8,500 shares of the industrial products company’s stock valued at $1,968,000 after purchasing an additional 2,900 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
In other news, Director Christopher Wright sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the sale, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock worth $2,754,530 over the last ninety days. Insiders own 2.50% of the company’s stock.
Several equities analysts recently commented on ROP shares. BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. increased their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $244.17.
Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 247.80 on Tuesday. The stock’s 50 day moving average is $235.57 and its 200 day moving average is $226.67. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $247.91. The stock has a market cap of $25.33 billion, a PE ratio of 37.10 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is 20.96%.
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Roper Technologies Company Profile
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