Hahn Capital Management LLC cut its holdings in Roper Technologies (NYSE:ROP) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,931 shares of the industrial products company’s stock after selling 2,155 shares during the period. Roper Technologies makes up 1.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Hahn Capital Management LLC owned 0.08% of Roper Technologies worth $20,702,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in Roper Technologies by 10.3% in the third quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 195 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in Roper Technologies by 14.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 202 shares in the last quarter. Scotia Capital Inc. boosted its holdings in Roper Technologies by 13.5% in the fourth quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 202 shares in the last quarter. Neumann Capital Management LLC boosted its holdings in Roper Technologies by 6.5% in the fourth quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after purchasing an additional 210 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Roper Technologies by 2.4% in the third quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock worth $2,333,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.
In related news, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was acquired at an average price of $282.59 per share, with a total value of $141,295.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian D. Jellison sold 37,220 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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. Insiders have sold 358,826 shares of company stock valued at $99,453,060 in the last ninety days. 2.50% of the stock is owned by company insiders.
Shares of ROP opened at $267.84 on Friday. The stock has a market cap of $28,466.49, a PE ratio of 28.43, a P/E/G ratio of 2.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. Roper Technologies has a 52 week low of $204.77 and a 52 week high of $292.97.
Roper Technologies (NYSE:ROP) last announced 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. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. equities analysts predict that Roper Technologies will post 11.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, April 6th. Roper Technologies’s dividend payout ratio is currently 17.52%.
A number of equities research analysts recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating on shares of Roper Technologies in a report on Monday, February 5th. Citigroup restated an “outperform” rating and set a $335.00 price target (up from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Cowen restated a “buy” rating and set a $310.00 price target on shares of Roper Technologies in a report on Tuesday, March 6th. Barclays started coverage on shares of Roper Technologies in a report on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price target for the company. Finally, Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $298.58.
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About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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