Raymond James & Associates lessened its holdings in Roper Technologies Inc (NYSE:ROP) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 211,278 shares of the industrial products company’s stock after selling 11,600 shares during the quarter. Raymond James & Associates’ holdings in Roper Technologies were worth $54,723,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of Roper Technologies by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 195 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Roper Technologies by 14.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 202 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Roper Technologies by 13.5% in the 4th quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 202 shares during the last quarter. Neumann Capital Management LLC raised its holdings in shares of Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after acquiring an additional 210 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Roper Technologies by 2.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock worth $2,333,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.
Shares of Roper Technologies Inc (NYSE ROP) opened at $281.66 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. The company has a market cap of $29,082.42, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. Roper Technologies Inc has a one year low of $203.50 and a one year high of $290.42.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. equities research analysts forecast that Roper Technologies Inc will post 11.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be paid a $0.4125 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.65 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.
In other news, CEO Brian D. Jellison sold 81,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian D. Jellison sold 215,411 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 440,326 shares of company stock valued at $120,612,905. Company insiders own 2.50% of the company’s stock.
A number of research firms recently weighed in on ROP. Citigroup restated an “outperform” rating and issued a $335.00 target price (up previously from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a report on Monday, February 5th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Cowen restated a “buy” rating and issued a $310.00 target price on shares of Roper Technologies in a report on Tuesday, March 6th. Finally, Barclays began coverage on shares of Roper Technologies in a report on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $298.58.
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About Roper Technologies
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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