TIAA CREF Investment Management LLC cut its stake in Roper Technologies Inc (NYSE:ROP) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,350,638 shares of the industrial products company’s stock after selling 44,331 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Roper Technologies were worth $349,815,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Roper Technologies in the fourth quarter valued at $117,000. Icon Wealth Partners LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at $155,000. Stephens Inc. AR grew 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 valued at $160,000 after purchasing an additional 350 shares in the last quarter. Zions Bancorporation grew 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 valued at $165,000 after purchasing an additional 657 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new position in Roper Technologies during the fourth quarter worth about $180,000. Institutional investors own 94.32% of the company’s stock.
Shares of Roper Technologies Inc (ROP) opened at $282.83 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87. Roper Technologies Inc has a 52 week low of $203.50 and a 52 week high of $290.42. The stock has a market capitalization of $29,309.66, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The firm 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 company posted $1.86 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. sell-side analysts forecast that Roper Technologies Inc will post 11.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.59%.
In other Roper Technologies news, CEO Brian D. Jellison sold 74,589 shares of Roper Technologies stock in a transaction dated Friday, January 19th. The stock was 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 of the company’s stock, valued at $404,419,281.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction dated Wednesday, December 20th. The stock was 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 ninety days, insiders have sold 440,326 shares of company stock valued at $120,612,905. Corporate insiders own 2.50% of the company’s stock.
Several research firms recently commented on ROP. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Royal Bank of Canada boosted their target price on Roper Technologies to $319.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Citigroup restated an “outperform” rating and set a $335.00 target price (up from $275.00) on shares of Roper Technologies in a research report on Monday, February 5th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Canaccord Genuity boosted their target price on Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and an average price target of $298.58.
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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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