Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Cwm LLC – Defense World
Posted by admin on Jul 9th, 2022 
Cwm LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 785 shares of the industrial products company’s stock after acquiring an additional 200 shares during the quarter. Cwm LLC’s holdings in Roper Technologies were worth $371,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ROP. Moors & Cabot Inc. acquired a new position in Roper Technologies in the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in Roper Technologies by 175.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 55 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 35 shares during the period. Quent Capital LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $44,000. Ahrens Investment Partners LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $47,000. Finally, MUFG Americas Holdings Corp lifted its holdings in Roper Technologies by 77.2% in the fourth quarter. MUFG Americas Holdings Corp now owns 101 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 44 shares during the period. 92.68% of the stock is owned by institutional investors.
In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $443.69, for a total value of $110,922.50. Following the completion of the sale, the director now directly owns 5,869 shares in the company, valued at approximately $2,604,016.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on ROP shares. The Goldman Sachs Group reduced their target price on Roper Technologies from $540.00 to $412.00 and set a “neutral” rating for the company in a research note on Thursday, June 23rd. Oppenheimer set a $500.00 target price on Roper Technologies in a research note on Monday, June 20th. StockNews.com downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. Finally, Barclays reduced their target price on Roper Technologies from $500.00 to $480.00 and set an “overweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $492.80.
Shares of ROP opened at $402.02 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.28. The stock has a 50 day moving average price of $415.14 and a 200 day moving average price of $442.94. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.47 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $369.51 and a one year high of $505.00.
Roper Technologies (NYSE:ROP – Get Rating) last issued its earnings results on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.08. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Roper Technologies had a return on equity of 13.36% and a net margin of 47.36%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.60 EPS. On average, analysts predict that Roper Technologies, Inc. will post 15.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, July 7th. Roper Technologies’s payout ratio is currently 9.17%.
Roper Technologies Company Profile (Get Rating)
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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