Hahn Capital Management LLC trimmed its position in Roper Technologies Inc (NYSE:ROP) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. 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 owned about 0.08% of Roper Technologies worth $20,702,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. LPL Financial LLC grew its stake in Roper Technologies by 15.0% in the fourth quarter. LPL Financial LLC now owns 5,842 shares of the industrial products company’s stock worth $1,514,000 after purchasing an additional 764 shares in the last quarter. Millennium Management LLC grew its stake in Roper Technologies by 159.2% in the fourth quarter. Millennium Management LLC now owns 279,216 shares of the industrial products company’s stock worth $72,317,000 after purchasing an additional 171,486 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Roper Technologies by 14.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,944 shares of the industrial products company’s stock worth $1,021,000 after purchasing an additional 510 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Roper Technologies by 10.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 19,245 shares of the industrial products company’s stock worth $4,983,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in Roper Technologies by 304.9% in the fourth quarter. Paloma Partners Management Co now owns 14,922 shares of the industrial products company’s stock worth $3,865,000 after purchasing an additional 11,237 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.
Roper Technologies stock traded down $9.00 on Thursday, hitting $280.86. The stock had a trading volume of 371,183 shares, compared to its average volume of 466,178. The company has a market capitalization of $29,713.77, a PE ratio of 29.94, a PEG ratio of 2.12 and a beta of 1.06. 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 $292.97.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. equities analysts forecast that Roper Technologies Inc will post 11.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be paid a dividend of $0.4125 per share. The ex-dividend date is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 17.59%.
ROP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 target price on the stock in a report on Monday, January 22nd. Canaccord Genuity raised their target price on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Barclays initiated coverage on shares of Roper Technologies in a report on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price on the stock. Wells Fargo set a $310.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Citigroup reaffirmed 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. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $298.58.
In related news, Director Christopher Wright sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $280.08, for a total transaction of $420,120.00. Following the transaction, the director now owns 62,050 shares in the company, valued at $17,378,964. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman acquired 500 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of $282.59 per share, for a total transaction of $141,295.00. The disclosure for this purchase can be found here. Insiders have sold 358,826 shares of company stock worth $99,453,060 in the last quarter. Company insiders own 2.50% of the company’s stock.
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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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