Shell Asset Management Co. trimmed its stake in Roper Technologies Inc (NYSE:ROP) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,770 shares of the industrial products company’s stock after selling 6,091 shares during the period. Shell Asset Management Co.’s holdings in Roper Technologies were worth $4,602,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $117,000. Stephens Inc. AR increased its position in shares of Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 350 shares during the last quarter. Zions Bancorporation increased its position in shares of Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 657 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $211,000. Finally, 1ST Source Bank bought a new position in shares of Roper Technologies in the third quarter worth approximately $213,000. Institutional investors own 93.15% of the company’s stock.
A number of brokerages have commented on ROP. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price target on the stock in a research report on Monday, January 22nd. Royal Bank of Canada increased their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Wells Fargo & Co set a $310.00 price target on shares of Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $289.08.
In other news, CEO Brian D. Jellison sold 215,411 shares of the 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 completion of the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at $433,787,757.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 439,526 shares of company stock valued at $120,362,826. Insiders own 2.50% of the company’s stock.
Roper Technologies Inc (ROP) opened at $276.31 on Tuesday. Roper Technologies Inc has a 52-week low of $203.50 and a 52-week high of $290.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87. The company has a market cap of $28,283.70, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.28% and a net margin of 21.09%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 earnings per share. equities research analysts predict that Roper Technologies Inc will post 11.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was 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 17.59%.
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Roper Technologies 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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