The Manufacturers Life Insurance Company Acquires 26,882 Shares of Roper Technologies, Inc. (ROP)

The Manufacturers Life Insurance Company increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,408 shares of the industrial products company’s stock after buying an additional 26,882 shares during the period. The Manufacturers Life Insurance Company owned 0.23% of Roper Technologies worth $54,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. BlackRock Inc. raised its stake in shares of Roper Technologies by 2,678.8% during the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after buying an additional 7,689,856 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after buying an additional 687,588 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 4.8% during the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Roper Technologies during the first quarter worth approximately $76,360,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Roper Technologies by 25.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after buying an additional 291,418 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/the-manufacturers-life-insurance-company-acquires-26882-shares-of-roper-technologies-inc-rop.html.

A number of equities research analysts recently weighed in on ROP shares. Raymond James Financial, Inc. boosted their price target on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 target price for the company in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $244.17.

In other news, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $2,590,170. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded down 0.4034% during midday trading on Wednesday, reaching $250.7445. 37,950 shares of the company’s stock traded hands. The stock has a market cap of $25.63 billion, a P/E ratio of 37.5422 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $252.56. The stock has a 50-day moving average price of $238.99 and a 200-day moving average price of $228.51.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping

Several other institutional investors and hedge funds have also bought and sold shares of ROP. BlackRock Inc. raised its stake in shares of Roper Technologies by 2,678.8% during the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after buying an additional 7,689,856 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after buying an additional 687,588 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 4.8% during the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Roper Technologies during the first quarter worth approximately $76,360,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Roper Technologies by 25.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after buying an additional 291,418 shares during the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/the-manufacturers-life-insurance-company-acquires-26882-shares-of-roper-technologies-inc-rop.html.

A number of equities research analysts recently weighed in on ROP shares. Raymond James Financial, Inc. boosted their price target on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 target price for the company in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $244.17.

In other news, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $2,590,170. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded down 0.4034% during midday trading on Wednesday, reaching $250.7445. 37,950 shares of the company’s stock traded hands. The stock has a market cap of $25.63 billion, a P/E ratio of 37.5422 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $252.56. The stock has a 50-day moving average price of $238.99 and a 200-day moving average price of $228.51.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. Analysts forecast that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.

About Roper Technologies

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Roper Technologies Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply