Clear Harbor Asset Management LLC Sells 2,973 Shares of Roper Technologies, Inc. (NYSE:ROP)

Clear Harbor Asset Management LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,997 shares of the industrial products company’s stock after selling 2,973 shares during the quarter. Roper Technologies comprises about 13.5% of Clear Harbor Asset Management LLC’s portfolio, making the stock its largest position. Clear Harbor Asset Management LLC owned 0.27% of Roper Technologies worth $67,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the last quarter. Independent Portfolio Consultants Inc. grew its holdings in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 313 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have issued reports on ROP. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Robert W. Baird raised their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Cowen and Company restated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $253.67.

Roper Technologies, Inc. (ROP) traded up $0.37 during trading on Friday, reaching $258.20. 408,800 shares of the company were exchanged, compared to its average volume of 432,231. Roper Technologies, Inc. has a 1 year low of $178.01 and a 1 year high of $261.37. The firm has a market cap of $26,392.04, a PE ratio of 30.08, a P/E/G ratio of 2.24 and a beta of 1.06. 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 (NYSE:ROP) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. sell-side analysts predict that Roper Technologies, Inc. will post 9.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.40 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.32%.

In other news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction on Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the transaction, the director now owns 65,104 shares in the company, valued at approximately $15,234,336. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares in the company, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,750 shares of company stock worth $2,915,690. 2.50% of the stock is currently owned by corporate insiders.

About Roper Technologies

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

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