12,221 Shares in Roper Technologies Inc (ROP) Acquired by Broadleaf Partners LLC

Broadleaf Partners LLC acquired a new position in Roper Technologies Inc (NYSE:ROP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,221 shares of the industrial products company’s stock, valued at approximately $3,165,000. Roper Technologies comprises about 2.6% of Broadleaf Partners LLC’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also modified their holdings of the company. Hikari Power Ltd boosted its position in Roper Technologies by 0.6% during the fourth quarter. Hikari Power Ltd now owns 71,020 shares of the industrial products company’s stock valued at $18,394,000 after acquiring an additional 420 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in Roper Technologies by 8.6% during the fourth quarter. Daiwa SB Investments Ltd. now owns 3,280 shares of the industrial products company’s stock valued at $850,000 after acquiring an additional 260 shares during the last quarter. American National Bank boosted its position in Roper Technologies by 4.6% during the fourth quarter. American National Bank now owns 20,165 shares of the industrial products company’s stock valued at $5,223,000 after acquiring an additional 883 shares during the last quarter. Trust Co boosted its position in Roper Technologies by 18.2% during the third quarter. Trust Co now owns 1,492 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 230 shares during the last quarter. Finally, Windward Capital Management Co. CA boosted its position in Roper Technologies by 10.8% during the fourth quarter. Windward Capital Management Co. CA now owns 2,408 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 235 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Roper Technologies Inc (NYSE ROP) traded up $3.73 during mid-day trading on Friday, hitting $272.50. 348,100 shares of the stock were exchanged, compared to its average volume of 345,462. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies Inc has a one year low of $185.10 and a one year high of $272.72. The company has a market cap of $27,890.00, a PE ratio of 39.61, a PEG ratio of 2.15 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. research analysts forecast that Roper Technologies Inc will post 9.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio is currently 23.98%.

In related news, Director Robert E. Knowling, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total value of $1,038,040.00. Following the sale, the director now owns 14,038 shares in the company, valued at approximately $3,643,001.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the sale, the chief executive officer now owns 1,448,575 shares in the company, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 86,950 shares of company stock worth $22,574,581 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

A number of brokerages have commented on ROP. JPMorgan Chase & Co. raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Cowen reissued a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $256.27.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://ledgergazette.com/2018/01/12/12221-shares-in-roper-technologies-inc-rop-acquired-by-broadleaf-partners-llc.html.

Roper Technologies Company Profile

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

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

Leave a Reply