Hahn Capital Management LLC reduced its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 79,931 shares of the industrial products company’s stock after selling 2,155 shares during the period. Roper Technologies accounts for about 1.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $20,702,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Candriam Luxembourg S.C.A. increased its stake in Roper Technologies by 13.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 9,993 shares of the industrial products company’s stock worth $2,432,000 after buying an additional 1,200 shares during the period. Global X MANAGEMENT CO LLC increased its stake in Roper Technologies by 11.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,234 shares of the industrial products company’s stock worth $544,000 after buying an additional 238 shares during the period. Sei Investments Co. increased its stake in Roper Technologies by 24.2% during the 3rd quarter. Sei Investments Co. now owns 66,017 shares of the industrial products company’s stock worth $16,069,000 after buying an additional 12,875 shares during the period. CIBC Asset Management Inc increased its stake in Roper Technologies by 2.4% during the 3rd quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock worth $2,333,000 after buying an additional 224 shares during the period. Finally, Toronto Dominion Bank increased its stake in Roper Technologies by 13.2% during the 3rd quarter. Toronto Dominion Bank now owns 39,789 shares of the industrial products company’s stock worth $9,684,000 after buying an additional 4,645 shares during the period. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian D. Jellison sold 37,220 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $277.01, for a total transaction of $10,310,312.20. Following the completion of the transaction, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at approximately $404,404,682.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 440,326 shares of company stock valued at $120,612,905. Company insiders own 2.50% of the company’s stock.
Shares of Roper Technologies Inc (ROP) opened at $279.85 on Thursday. Roper Technologies Inc has a 52-week low of $203.50 and a 52-week high of $290.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. The company has a market cap of $28,962.11, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last issued its earnings results 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 analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. equities research analysts anticipate that Roper Technologies Inc will post 11.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, April 6th. Roper Technologies’s payout ratio is 17.59%.
ROP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Cowen reissued a “buy” rating and issued a $310.00 price objective on shares of Roper Technologies in a research report on Tuesday, March 6th. Wells Fargo & Co set a $310.00 price objective on shares of Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Royal Bank of Canada increased their price objective on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Robert W. Baird reissued a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. 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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