On May 17, 2023, First Trust Advisors LP announced that it has lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 5.7%. The industrial products company’s stock saw the sale of 9,336 shares, reducing the fund’s ownership to 154,986 shares valued at $66,969,000.
Further exciting news regarding Roper Technologies Inc. was disclosed in a recent legal filing with the Securities and Exchange Commission. It revealed that Director Robert D. Johnson sold 250 shares of ROP stock on Thursday, March 30th at an average price of $436.00 for a total transaction value amounting to $109,000. Following the completion of this sale he owns approximately 6,153 shares in the company valued at $2,682,708.
In addition to this transaction noted above by Director Robert D Johnson is another disclosure mentioning a sale made by Director Christopher Wright who sold 471 shares of ROP stock on Tuesday March 7th at an average price of $429.55 per share for a total value of $202,318.05. This brings his current holding down to approximately 38k worth around $16m.
Insiders now own close to one percent (0.88%) of Roper Technologies’ stock as the market opened on Wednesday at $459.83 showing promising results in today’s trading session.
The firm has a market capitalization standing strong at $49.01 billion dollars and boasts some impressive statics including its PE ratio positioned at just over 17 and a price-to-earnings growth ratio estimated around the mark of approximately 2:71 whilst boasting a beta score standing as high as one point zero four (1:04).
Meanwhile the company’s stock continues moving significantly forward regularly carrying momentum when trading comes into play throughout any given trading day whilst retaining strength throughout it’s most recent transitions since hitting a 52 week low at $356.21 and then it’s current high reaching an impressive mark of $463.90.
Roper Technologies, Inc also promises to retain a solid footing as their current ratio stands tall situated at approximately 0:80 whilst holding a quick ratio of roughly the same value standing at 0:76 all while maintaining a debt-to-equity ratio of approximately around 0.37 showing promise for future expansions and developments.
[bs_forecast_slider ticker=”ROP”]
Institutional Investors and Hedge Funds Show Interest in Roper Technologies
Roper Technologies, an industrial products company, has seen recent activity from both hedge funds and institutional investors regarding their stake in the company. Orion Portfolio Solutions LLC raised its stake by 10.7% during the third quarter, followed by Aviva PLC with a 16.8% increase in shares during the same period. Fisher Asset Management increased their stake by 5.5%, Caprock Group Inc. by 4.8%, and Creative Planning by 24.7%, both these transactions occurred during the fourth quarter.
Institutional investors and hedge funds now own a total of 92.41% of Roper Technologies’ stock, making it an attractive option for those looking to invest.
Despite fluctuations in investment activity, Roper Technologies has received mixed rating reports from analyst coverage since March this year. Six equities research analysts rated the stock at a hold rating, while six others have issued a buy rating to the company.
Director Robert D Johnson recently sold 250 shares of the business’s stock on Thursday, March 30th with an average price of $436 resulting in totaling $109,000; reducing his shareholdings to currently owning only 6,153 shares in the company.
Looking at its financials, Roper Technologies reported a better-than-expected EPS of $3.90 for Q1 April-end, beating estimates which were set at $3.85 per share by $0.05 per share along with better revenue figures as well at $1.47 billion compared to expectations set at $1.45 billion according to business analysts covering the firm.
Lastly, Roper Technologies announced a quarterly dividend on Friday April 21st were shareholders received $0.683 each earning them an annualized dividend yield standing at .59%. The dividend payment was an increase from previous quarters and showed positive gains on last year’s earnings report after posting attractive revenues for Q1 results before closing out the first quarter of the year.
