SG Americas Securities LLC Has $1.35 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Posted by Defense World Staff on Jul 25th, 2023

SG Americas Securities LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 80.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,051 shares of the industrial products company’s stock after selling 12,399 shares during the period. SG Americas Securities LLC’s holdings in Roper Technologies were worth $1,345,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in Roper Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,440,733 shares of the industrial products company’s stock worth $3,647,156,000 after purchasing an additional 493,848 shares during the period. Morgan Stanley grew its stake in Roper Technologies by 2.9% in the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after acquiring an additional 95,728 shares during the period. Alliancebernstein L.P. grew its stake in Roper Technologies by 5.2% in the fourth quarter. Alliancebernstein L.P. now owns 2,483,094 shares of the industrial products company’s stock valued at $1,072,920,000 after acquiring an additional 121,894 shares during the period. CIBC Private Wealth Group LLC grew its stake in Roper Technologies by 105.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,091,748 shares of the industrial products company’s stock valued at $899,912,000 after acquiring an additional 1,072,030 shares during the period. Finally, Geode Capital Management LLC grew its stake in Roper Technologies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,851,490 shares of the industrial products company’s stock valued at $798,388,000 after acquiring an additional 38,573 shares during the period. Institutional investors and hedge funds own 91.48% of the company’s stock.

Insider Activity

In other news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $450.15, for a total value of $112,537.50. Following the completion of the transaction, the director now directly owns 5,903 shares in the company, valued at $2,657,235.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $450.15, for a total value of $112,537.50. Following the completion of the transaction, the director now directly owns 5,903 shares in the company, valued at $2,657,235.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $457.19, for a total value of $137,157.00. Following the completion of the transaction, the director now owns 37,827 shares of the company’s stock, valued at $17,294,126.13. The disclosure for this sale can be found here. 0.94% of the stock is owned by company insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $495.16 on Tuesday. The firm has a market cap of $52.78 billion, a PE ratio of 18.22, a PEG ratio of 2.89 and a beta of 1.03. The stock’s fifty day moving average price is $464.73 and its two-hundred day moving average price is $446.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.90. Roper Technologies, Inc. has a 1 year low of $356.21 and a 1 year high of $502.13.

Roper Technologies (NYSE:ROP – Get Free Report) last issued its earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.13. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.95 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 16.46 EPS for the current year.

Roper Technologies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Monday, July 10th were given a $0.6825 dividend. This represents a $2.73 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 10.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ROP shares. Barclays raised their price objective on Roper Technologies from $525.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their price objective on Roper Technologies from $550.00 to $555.00 and gave the company an “overweight” rating in a research note on Monday. Oppenheimer lifted their target price on Roper Technologies from $535.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday. Sanford C. Bernstein raised Roper Technologies from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $490.00 to $525.00 in a research report on Tuesday, May 2nd. Finally, Royal Bank of Canada lifted their target price on Roper Technologies from $532.00 to $569.00 and gave the company an “outperform” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $519.29.

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled 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.