Virtus Fund Advisers LLC reduced its position in shares of Roper Technologies Inc (NYSE:ROP) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 26,223 shares of the industrial products company’s stock after selling 609 shares during the period. Virtus Fund Advisers LLC’s holdings in Roper Technologies were worth $6,792,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ROP. Quantitative Systematic Strategies LLC acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at $375,000. Oakbrook Investments LLC acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at $1,229,000. LS Investment Advisors LLC lifted its position in shares of Roper Technologies by 6.2% during the 3rd quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after acquiring an additional 499 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Roper Technologies by 17.3% during the 3rd quarter. APG Asset Management N.V. now owns 18,300 shares of the industrial products company’s stock valued at $4,454,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Montecito Bank & Trust lifted its position in shares of Roper Technologies by 16.0% during the 3rd quarter. Montecito Bank & Trust now owns 1,934 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 267 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.
ROP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research report on Monday, January 22nd. Royal Bank of Canada increased their price objective on 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 objective on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Robert W. Baird increased their price objective on 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 assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $289.08.
In other news, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the sale, the director now owns 9,700 shares in the company, valued at $2,522,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian D. Jellison sold 29,606 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $277.03, for a total value of $8,201,750.18. Following the completion of the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,490,449.34. The disclosure for this sale can be found here. Insiders sold 439,526 shares of company stock valued at $120,362,826 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.
Shares of Roper Technologies Inc (ROP) opened at $278.43 on Thursday. The stock has a market capitalization of $28,327.71, a price-to-earnings ratio of 29.41, a PEG ratio of 2.02 and a beta of 1.08. Roper Technologies Inc has a 1-year low of $203.50 and a 1-year high of $290.42. 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 (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.61 by $0.09. The company 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 company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. sell-side analysts expect that Roper Technologies Inc will post 11.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio is presently 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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