Roper Technologies Inc (ROP) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in Roper Technologies Inc (NYSE:ROP) by 17.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,741 shares of the industrial products company’s stock after purchasing an additional 55,988 shares during the period. The Manufacturers Life Insurance Company owned 0.36% of Roper Technologies worth $104,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. increased its position in shares of Roper Technologies by 287.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 356,866 shares of the industrial products company’s stock worth $92,426,000 after acquiring an additional 264,845 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Roper Technologies by 1,767.3% during the first quarter. ProShare Advisors LLC now owns 267,263 shares of the industrial products company’s stock worth $75,018,000 after acquiring an additional 252,950 shares in the last quarter. Millennium Management LLC increased its position in shares of Roper Technologies by 159.2% during the fourth quarter. Millennium Management LLC now owns 279,216 shares of the industrial products company’s stock worth $72,317,000 after acquiring an additional 171,486 shares in the last quarter. BlackRock Inc. increased its position in shares of Roper Technologies by 1.9% during the first quarter. BlackRock Inc. now owns 7,143,959 shares of the industrial products company’s stock worth $2,005,238,000 after acquiring an additional 135,278 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Roper Technologies by 103.9% during the first quarter. Lord Abbett & CO. LLC now owns 230,683 shares of the industrial products company’s stock worth $64,750,000 after acquiring an additional 117,562 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies stock opened at $285.50 on Thursday. Roper Technologies Inc has a fifty-two week low of $226.81 and a fifty-two week high of $292.97. The stock has a market cap of $29.46 billion, a P/E ratio of 30.31, a PEG ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.73.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.12. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts anticipate that Roper Technologies Inc will post 11.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 23rd. Investors of record on Monday, July 9th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, July 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.

ROP has been the subject of several recent research reports. Barclays initiated coverage on shares of Roper Technologies in a research report on Thursday, February 15th. They set an “equal weight” rating and a $285.00 target price for the company. Cowen reissued a “buy” rating and set a $310.00 target price on shares of Roper Technologies in a research report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Robert W. Baird reissued a “hold” rating and set a $293.00 target price on shares of Roper Technologies in a research report on Monday, April 23rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and an average price target of $303.58.

In related news, Director Christopher Wright sold 1,250 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $286.97, for a total transaction of $358,712.50. Following the transaction, the director now directly owns 63,300 shares in the company, valued at $18,165,201. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were purchased at an average price of $278.00 per share, for a total transaction of $139,000.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

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

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