Wetherby Asset Management Inc. raised its stake in shares of Roper Technologies Inc (NYSE:ROP) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,642 shares of the industrial products company’s stock after buying an additional 202 shares during the period. Wetherby Asset Management Inc.’s holdings in Roper Technologies were worth $425,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $117,000. Stephens Inc. AR boosted its stake in shares of Roper Technologies by 113.6% during the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after buying an additional 350 shares during the period. Zions Bancorporation boosted its stake in shares of Roper Technologies by 3,457.9% during the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after buying an additional 657 shares during the period. Hartland & Co. LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $208,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $211,000. 93.15% of the stock is owned by institutional investors.
ROP has been the subject of a number of research reports. Wells Fargo & Co set a $310.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird lifted their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Canaccord Genuity lifted their target price on shares of Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $289.08.
In related news, Director Robert D. Johnson sold 1,200 shares of Roper Technologies stock in a transaction on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the transaction, the director now owns 9,700 shares in the company, valued at approximately $2,522,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the transaction, the chief executive officer now owns 1,448,575 shares in the company, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 439,526 shares of company stock worth $120,362,826 in the last quarter. Insiders own 2.50% of the company’s stock.
Shares of Roper Technologies Inc (ROP) opened at $276.74 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.87 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. The stock 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.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business earned $1.86 EPS. Roper Technologies’s quarterly revenue was up 21.2% compared to the same quarter last year. research analysts forecast that Roper Technologies Inc will post 11.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio (DPR) 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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