Gateway Investment Advisers LLC lessened its stake in shares of Roper Technologies Inc (NYSE:ROP) by 25.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,249 shares of the industrial products company’s stock after selling 4,500 shares during the period. Gateway Investment Advisers LLC’s holdings in Roper Technologies were worth $3,431,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service increased its holdings in shares of Roper Technologies by 3.4% in the 4th quarter. National Pension Service now owns 107,593 shares of the industrial products company’s stock valued at $27,867,000 after purchasing an additional 3,534 shares during the period. Broadleaf Partners LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $3,165,000. Hikari Power Ltd grew its stake in shares of Roper Technologies by 0.6% in the 4th quarter. Hikari Power Ltd now owns 71,020 shares of the industrial products company’s stock valued at $18,394,000 after buying an additional 420 shares in the last quarter. Daiwa SB Investments Ltd. grew its stake in shares of Roper Technologies by 8.6% in the 4th quarter. Daiwa SB Investments Ltd. now owns 3,280 shares of the industrial products company’s stock valued at $850,000 after buying an additional 260 shares in the last quarter. Finally, American National Bank grew its stake in shares of Roper Technologies by 4.6% in the 4th quarter. American National Bank now owns 20,165 shares of the industrial products company’s stock valued at $5,223,000 after buying an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
In other news, Director Robert D. Johnson sold 1,200 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction of $312,036.00. Following the sale, the director now owns 9,700 shares of the company’s stock, valued at $2,522,291. The transaction was disclosed in a legal filing 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 dated Thursday, January 25th. The stock was sold at an average price of $277.22, for a total value of $59,716,237.42. Following the sale, the chief executive officer now directly owns 1,564,778 shares in the company, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,526 shares of company stock worth $120,362,826. 2.50% of the stock is owned by company insiders.
Several brokerages recently commented on ROP. Citigroup reissued an “outperform” rating and issued a $335.00 price target (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Robert W. Baird reaffirmed a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Royal Bank of Canada upped their price target on Roper Technologies to $319.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus price target of $285.38.
Shares of Roper Technologies Inc (ROP) traded up $0.62 during mid-day trading on Wednesday, hitting $271.09. The stock had a trading volume of 504,682 shares, compared to its average volume of 489,446. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $27,690.00, a PE ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.08. Roper Technologies Inc has a 12 month low of $203.50 and a 12 month high of $290.42.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. equities research analysts forecast that Roper Technologies Inc will post 11.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a $0.4125 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. This represents a $1.65 annualized dividend and a yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.59%.
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Roper Technologies Company Profile
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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