Sigma Investment Counselors Inc. Acquires 153 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sigma Investment Counselors Inc. lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROPGet Rating) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,335 shares of the industrial products company’s stock after purchasing an additional 153 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Roper Technologies were worth $5,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ROP. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,740,029 shares of the industrial products company’s stock worth $4,127,304,000 after purchasing an additional 57,473 shares during the period. State Street Corp increased its stake in Roper Technologies by 1.7% during the 4th quarter. State Street Corp now owns 4,330,296 shares of the industrial products company’s stock valued at $2,129,899,000 after purchasing an additional 72,788 shares in the last quarter. Principal Financial Group Inc. increased its stake in Roper Technologies by 7.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,337,665 shares of the industrial products company’s stock valued at $1,103,915,000 after purchasing an additional 152,329 shares in the last quarter. Flossbach Von Storch AG grew its stake in shares of Roper Technologies by 21.3% in the 1st quarter. Flossbach Von Storch AG now owns 1,397,519 shares of the industrial products company’s stock worth $659,950,000 after acquiring an additional 245,342 shares in the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of Roper Technologies by 51.3% in the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock worth $659,009,000 after buying an additional 473,168 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Roper Technologies from $545.00 to $500.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Oppenheimer set a $500.00 price objective on Roper Technologies in a report on Monday, June 20th. Sanford C. Bernstein started coverage on Roper Technologies in a research note on Tuesday, August 16th. They set a “market perform” rating and a $490.00 price target for the company. TheStreet downgraded Roper Technologies from a “b” rating to a “c+” rating in a research note on Friday, July 22nd. Finally, Barclays lowered their price objective on Roper Technologies from $500.00 to $480.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $492.90.

Roper Technologies Stock Down 0.3 %

Roper Technologies stock traded down $1.31 during midday trading on Friday, reaching $374.26. The company’s stock had a trading volume of 15,128 shares, compared to its average volume of 504,345. The stock’s 50-day simple moving average is $413.08 and its 200-day simple moving average is $427.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 1.55. Roper Technologies, Inc. has a 52-week low of $369.51 and a 52-week high of $505.00. The stock has a market capitalization of $39.68 billion, a P/E ratio of 13.98, a PEG ratio of 2.61 and a beta of 1.05.

Roper Technologies (NYSE:ROPGet Rating) last issued its quarterly earnings results on Friday, July 22nd. The industrial products company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.83 by $0.12. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.76 earnings per share. On average, sell-side analysts expect that Roper Technologies, Inc. will post 13.6 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 6th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $2.48 annualized dividend and a yield of 0.66%. Roper Technologies’s dividend payout ratio (DPR) is currently 9.23%.

Roper Technologies Profile

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

Further Reading

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

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