Schroder Investment Management Group lessened its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 167,622 shares of the industrial products company’s stock after selling 6,002 shares during the quarter. Schroder Investment Management Group’s holdings in Roper Technologies were worth $43,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Roper Technologies during the fourth quarter worth $117,000. Stephens Inc. AR raised its holdings in shares of Roper Technologies by 113.6% during 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 raised its holdings in shares of Roper Technologies by 3,457.9% during 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. purchased a new position in shares of Roper Technologies during the fourth quarter worth $211,000. Finally, 1ST Source Bank purchased a new position in shares of Roper Technologies during the third quarter worth $213,000. 93.15% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Robert D. Johnson sold 1,200 shares of Roper Technologies stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the sale, the director now owns 9,700 shares in the company, valued at $2,522,291. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian D. Jellison sold 74,589 shares of Roper Technologies stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the completion of the sale, the chief executive officer now owns 1,459,892 shares in the company, valued at approximately $404,419,281.84. 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. Company insiders own 2.50% of the company’s stock.
Several research analysts recently issued reports on ROP shares. Wells Fargo & Co set a $310.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a report on Thursday, January 18th. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Canaccord Genuity raised their price target on shares of Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada raised their price target on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $289.08.
Shares of Roper Technologies Inc (ROP) opened at $276.74 on Wednesday. The company has a market cap of $28,283.70, a price-to-earnings ratio of 29.36, a P/E/G ratio of 2.02 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. Roper Technologies Inc has a 52-week low of $203.50 and a 52-week high of $290.42.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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 company had revenue of $1.23 billion for 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 firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. equities analysts expect that Roper Technologies Inc will post 11.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were given a $0.4125 dividend. This is a positive change 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 dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.
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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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