Roper Technologies, Inc. (NYSE:ROP) Short Interest Update – MarketBeat
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Roper Technologies, Inc. (NYSE:ROP – Get Rating) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,180,000 shares, a growth of 12.4% from the September 30th total of 1,050,000 shares. Based on an average daily volume of 508,500 shares, the short-interest ratio is currently 2.3 days.
Institutional Trading of Roper Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Venture Visionary Partners LLC bought a new stake in Roper Technologies during the second quarter valued at about $27,000. Ronald Blue Trust Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter valued at about $27,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Roper Technologies in the 1st quarter worth approximately $28,000. Curi Wealth Management LLC raised its stake in shares of Roper Technologies by 1,625.0% during the 1st quarter. Curi Wealth Management LLC now owns 69 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 65 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in Roper Technologies by 236.7% during the third quarter. MV Capital Management Inc. now owns 101 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Roper Technologies from a “b” rating to a “c+” rating in a report on Friday, July 22nd. Robert W. Baird cut their price objective on shares of Roper Technologies from $480.00 to $460.00 in a research report on Tuesday, July 26th. Cowen dropped their price target on shares of Roper Technologies from $545.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Sanford C. Bernstein started coverage on shares of Roper Technologies in a research report on Tuesday, August 16th. They issued a “market perform” rating and a $490.00 price objective on the stock. Finally, Barclays upped their target price on Roper Technologies from $500.00 to $510.00 and gave the company an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $494.33.
Roper Technologies Trading Up 3.3 %
ROP opened at $413.71 on Monday. Roper Technologies has a 52 week low of $356.21 and a 52 week high of $501.54. The company has a market capitalization of $43.86 billion, a P/E ratio of 15.20, a PEG ratio of 2.79 and a beta of 1.05. The stock’s fifty day moving average is $387.11 and its two-hundred day moving average is $410.57. The company has a quick ratio of 1.55, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.
Roper Technologies (NYSE:ROP – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.45 by $0.22. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a return on equity of 12.25% and a net margin of 50.95%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 earnings per share. Analysts forecast that Roper Technologies will post 14.11 earnings per share for the current year.
Roper Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Thursday, October 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is 9.11%.
About Roper Technologies
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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.
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