Roper Technologies, Inc. (ROP) is DF Dent & Co. Inc.’s Largest Position

DF Dent & Co. Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 726,482 shares of the industrial products company’s stock after selling 94,926 shares during the quarter. Roper Technologies accounts for 4.4% of DF Dent & Co. Inc.’s investment portfolio, making the stock its largest holding. DF Dent & Co. Inc. owned about 0.71% of Roper Technologies worth $168,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Independent Portfolio Consultants Inc. lifted its stake in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the period. Parallel Advisors LLC lifted its stake in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares during the period. Tower Research Capital LLC TRC lifted its stake in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after buying an additional 152 shares during the period. Sun Life Financial INC lifted its stake in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after buying an additional 736 shares during the period. Finally, Creative Planning lifted its stake in Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after buying an additional 91 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Roper Technologies, Inc. (ROP) traded up 0.08% during trading on Tuesday, hitting $251.47. The stock had a trading volume of 205,521 shares. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 37.65 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $252.56. The firm has a 50 day moving average price of $238.30 and a 200-day moving average price of $228.18.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal 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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 5th. Roper Technologies’s payout ratio is presently 20.96%.

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Several brokerages have issued reports on ROP. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. boosted their price target on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and issued a $225.00 price target on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, Raymond James Financial, Inc. boosted their price target on Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Roper Technologies presently has an average rating of “Buy” and an average target price of $244.17.

In other news, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the completion of the transaction, the vice president now owns 14,571 shares in the company, valued at approximately $3,569,895. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $2,590,170. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,500 shares of company stock valued at $2,754,530. 2.50% of the stock is currently owned by company insiders.

Roper Technologies Profile

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

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