Guggenheim Capital LLC Has $2.77 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Posted by Defense World Staff on Aug 30th, 2023

Guggenheim Capital LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 28.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,289 shares of the industrial products company’s stock after acquiring an additional 1,380 shares during the period. Guggenheim Capital LLC’s holdings in Roper Technologies were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ROP. Price T Rowe Associates Inc. MD lifted its stake in Roper Technologies by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,440,733 shares of the industrial products company’s stock valued at $3,647,156,000 after purchasing an additional 493,848 shares during the last quarter. Morgan Stanley lifted its stake in Roper Technologies by 2.9% in the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after purchasing an additional 95,728 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Roper Technologies by 5.2% in the 4th quarter. Alliancebernstein L.P. now owns 2,483,094 shares of the industrial products company’s stock valued at $1,072,920,000 after purchasing an additional 121,894 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Roper Technologies by 105.1% in the 4th 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 purchasing an additional 1,072,030 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Roper Technologies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,851,490 shares of the industrial products company’s stock valued at $798,388,000 after purchasing an additional 38,573 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ROP shares. TD Cowen increased their price objective on shares of Roper Technologies from $525.00 to $535.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. Robert W. Baird raised their price target on shares of Roper Technologies from $483.00 to $503.00 in a research note on Tuesday, July 18th. Wells Fargo & Company raised their price target on shares of Roper Technologies from $550.00 to $555.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Raymond James increased their price objective on shares of Roper Technologies from $550.00 to $572.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Barclays increased their price objective on shares of Roper Technologies from $550.00 to $560.00 in a research report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $525.80.

Get Our Latest Stock Analysis on ROP

Roper Technologies Stock Up 0.5 %

Shares of NYSE ROP opened at $498.15 on Wednesday. The stock has a market capitalization of $53.16 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.87 and a beta of 1.02. The company has a 50-day moving average price of $484.06 and a 200-day moving average price of $456.67. Roper Technologies, Inc. has a 1 year low of $356.21 and a 1 year high of $502.13. 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 (NYSE:ROP – Get Free Report) last issued its quarterly earnings data on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. Roper Technologies had a net margin of 50.21% and a return on equity of 10.61%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company earned $3.95 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Roper Technologies, Inc. will post 16.45 EPS for the current fiscal year.

Roper Technologies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 10th were given a dividend of $0.6825 per share. This represents a $2.73 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, July 7th. Roper Technologies’s payout ratio is currently 10.05%.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 2,143 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $498.00, for a total transaction of $1,067,214.00. Following the transaction, the chief financial officer now directly owns 38,358 shares of the company’s stock, valued at $19,102,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roper Technologies news, Director Robert D. Johnson sold 900 shares of Roper Technologies stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $495.19, for a total value of $445,671.00. Following the sale, the director now owns 5,846 shares of the company’s stock, valued at $2,894,880.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 2,143 shares of Roper Technologies stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $498.00, for a total transaction of $1,067,214.00. Following the completion of the sale, the chief financial officer now directly owns 38,358 shares in the company, valued at approximately $19,102,284. The disclosure for this sale can be found here. Insiders have sold 3,593 shares of company stock valued at $1,762,580 over the last ninety days. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Company 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.