Sterling Capital Management LLC raised its stake in Roper Technologies Inc (NYSE:ROP) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,132 shares of the industrial products company’s stock after purchasing an additional 2,355 shares during the quarter. Sterling Capital Management LLC’s holdings in Roper Technologies were worth $9,099,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of ROP. Harding Loevner LP raised its stake in shares of Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Roper Technologies by 287.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 356,866 shares of the industrial products company’s stock worth $92,426,000 after purchasing an additional 264,845 shares during the last quarter. Millennium Management LLC raised its stake in shares of 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 during the last quarter. KBC Group NV raised its stake in shares of Roper Technologies by 179.0% in the third quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock worth $46,950,000 after purchasing an additional 123,757 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Roper Technologies by 1.3% in the fourth quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after purchasing an additional 88,571 shares during the last quarter. 94.33% of the stock is owned by hedge funds and other institutional investors.
In other Roper Technologies news, CEO Brian D. Jellison sold 215,411 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the completion of the transaction, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at $433,787,757.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian D. Jellison sold 37,220 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $277.01, for a total value of $10,310,312.20. Following the transaction, the chief executive officer now directly owns 1,459,892 shares of the company’s stock, valued at $404,404,682.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,826 shares of company stock valued at $99,453,060. 2.50% of the stock is owned by corporate insiders.
Several analysts have recently commented on ROP shares. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research note on Monday, January 22nd. Wells Fargo set a $310.00 price objective on Roper Technologies and gave the stock a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research note on Monday, February 5th. Cowen reissued a “buy” rating and issued a $310.00 price objective on shares of Roper Technologies in a research note on Tuesday, March 6th. Finally, Barclays initiated coverage on Roper Technologies in a research report on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $298.58.
Shares of Roper Technologies stock opened at $289.86 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $29,713.77, a P/E ratio of 30.71, a P/E/G ratio of 2.12 and a beta of 1.06. Roper Technologies Inc has a 52-week low of $203.50 and a 52-week high of $292.97.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results 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. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. Roper Technologies’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. research analysts anticipate that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.
TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/03/22/sterling-capital-management-llc-has-9-10-million-stake-in-roper-technologies-inc-rop.html.
Roper Technologies Company 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.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.