Summit Global Investments Purchases 3,275 Shares of Roper Technologies, Inc. $ROP

by · The Cerbat Gem

Summit Global Investments purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,275 shares of the industrial products company’s stock, valued at approximately $1,144,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MGO One Seven LLC bought a new position in shares of Roper Technologies in the third quarter valued at approximately $333,000. Avestar Capital LLC bought a new stake in Roper Technologies during the third quarter worth approximately $497,000. Glenview Trust Co bought a new stake in Roper Technologies during the third quarter worth approximately $12,773,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Roper Technologies by 1.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 26,955 shares of the industrial products company’s stock worth $9,418,000 after purchasing an additional 355 shares during the period. Finally, Parcion Private Wealth LLC bought a new position in Roper Technologies during the 3rd quarter valued at $3,038,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Roper Technologies news, EVP Jason Conley sold 12,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the sale, the executive vice president owned 28,457 shares in the company, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Stipancich sold 3,500 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the sale, the executive vice president directly owned 35,434 shares of the company’s stock, valued at $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $466.60 on Monday. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $470.01. The stock has a fifty day moving average of $392.34 and a 200-day moving average of $365.55. The company has a market capitalization of $46.15 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43.

Roper Technologies (NASDAQ:ROP – Get Free Report) last issued its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. The business had revenue of $2.17 billion for the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 earnings per share. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Roper Technologies’s dividend payout ratio (DPR) is currently 14.36%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research analyst reports. Raymond James Financial cut Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised their target price on Roper Technologies from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Mizuho set a $355.00 target price on Roper Technologies in a report on Tuesday, July 21st. Robert W. Baird set a $480.00 price target on shares of Roper Technologies and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $415.00 to $490.00 in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Hold” and an average price target of $469.41.

View Our Latest Report on ROP

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

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