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Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lowered by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 31.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,639 shares of the industrial products company’s stock after selling 49,270 shares during the period. Hsbc Holdings PLC’s holdings in Roper Technologies were worth $52,019,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ROP. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Roper Technologies during the 1st quarter valued at $28,000. Curi Wealth Management LLC lifted its holdings in shares of Roper Technologies by 1,625.0% during the first quarter. Steal Wealth Management LLC now owns 69 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $44,000. Kempen Capital Management NV purchased a new position in Roper Technologies in the 1st quarter worth about $43,000. Finally, Jones Financial Companies Lllp raised its holdings in Roper Technologies by 48.8% during the 1st quarter. Jones Financial Companies Lllp now owns 189 shares of the industrial products company’s stock worth $89,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Roper Technologies Stock Up 0.5 %

Roper Technologies stock opened at $410.16 on Monday. The firm has a market cap of $43.48 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 2.87 and a beta of 1.05. The firm has a fifty day moving average price of $415.02 and a two-hundred day moving average price of $431.19. Roper Technologies, Inc. has a fifty-two week low of $369.51 and a fifty-two week high of $505.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 1.55.

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Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings data on Friday, July 22nd. The industrial products company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.83 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.76 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 13.6 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is currently 9.23%.

Wall Street Analyst Weigh In

ROP has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Roper Technologies from $545.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. Cowen cut their target price on shares of Roper Technologies from $545.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. TheStreet cut Roper Technologies from a “b” rating to a “c+” rating in a research report on Friday, July 22nd. The Goldman Sachs Group dropped their price target on Roper Technologies from $540.00 to $412.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. Finally, Sanford C. Bernstein began coverage on Roper Technologies in a research note on Tuesday, August 16th. They set a “market perform” rating and a $490.00 target price on the stock. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $492.90.

Roper Technologies Profile

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

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