Timber Hill LLC acquired a new stake in Roper Technologies Inc (NYSE:ROP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,104 shares of the industrial products company’s stock, valued at approximately $286,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of Roper Technologies by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 195 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Roper Technologies by 14.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 202 shares in the last quarter. Neumann Capital Management LLC grew its holdings in shares of Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock valued at $888,000 after acquiring an additional 210 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Roper Technologies by 2.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock valued at $2,333,000 after acquiring an additional 224 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Roper Technologies by 9.3% in the 4th quarter. Cetera Investment Advisers now owns 2,625 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
In other news, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher Wright sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total value of $420,120.00. Following the sale, the director now owns 62,050 shares of the company’s stock, valued at approximately $17,378,964. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,026 shares of company stock valued at $120,782,946. Corporate insiders own 2.50% of the company’s stock.
ROP has been the subject of a number of research analyst reports. Citigroup reiterated an “outperform” rating and set a $335.00 price target (up previously from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Robert W. Baird reiterated a “hold” rating on shares of Roper Technologies in a report on Monday, February 5th. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Barclays initiated coverage on Roper Technologies in a report on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average target price of $293.58.
Roper Technologies Inc (NYSE:ROP) opened at $281.14 on Friday. Roper Technologies Inc has a 1-year low of $203.50 and a 1-year high of $290.42. The company has a market capitalization of $28,778.05, a PE ratio of 29.88, a P/E/G ratio of 2.06 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 (NYSE:ROP) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. analysts forecast that Roper Technologies Inc will post 11.09 EPS for the current fiscal year.
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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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