Sandy Spring Bank decreased its holdings in Roper Technologies Inc (NYSE:ROP) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 808 shares of the industrial products company’s stock after selling 30 shares during the period. Sandy Spring Bank’s holdings in Roper Technologies were worth $276,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. acquired a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Pinnacle Bank acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. Cutler Group LP acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. Shamrock Asset Management LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $34,000. Finally, Berman Capital Advisors LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. Institutional investors own 92.29% of the company’s stock.
ROP has been the subject of a number of recent research reports. Wells Fargo & Co increased their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the company an “outperform” rating in a report on Monday, February 4th. Stephens increased their price target on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Argus increased their price target on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research cut shares of Roper Technologies from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $349.90.
NYSE:ROP opened at $351.63 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.10 and a quick ratio of 0.95. The company has a market cap of $36.23 billion, a P/E ratio of 29.77, a P/E/G ratio of 2.20 and a beta of 1.21. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $363.85.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $2.61 EPS. As a group, equities analysts forecast that Roper Technologies Inc will post 12.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.53%. Roper Technologies’s payout ratio is currently 15.66%.
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Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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