PEAK6 Investments L.P. decreased its holdings in Roper Technologies (NYSE:ROP) by 66.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,423 shares of the industrial products company’s stock after selling 8,677 shares during the period. PEAK6 Investments L.P.’s holdings in Roper Technologies were worth $1,146,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Roper Technologies by 10.3% in the 3rd 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. increased its holdings in shares of Roper Technologies by 14.0% in the 4th 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 stake in shares of Roper Technologies by 13.5% in the 4th quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock worth $441,000 after buying an additional 202 shares during the last quarter. Neumann Capital Management LLC boosted its stake in shares of Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after buying an additional 210 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Roper Technologies by 2.4% in 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 last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.
NYSE ROP opened at $267.84 on Friday. The firm has a market cap of $28,466.49, a P/E ratio of 28.51, a P/E/G ratio of 2.03 and a beta of 1.04. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. Roper Technologies has a fifty-two week low of $204.77 and a fifty-two week high of $292.97.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.09. The company had revenue of $1.23 billion for 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 quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. equities research analysts anticipate that Roper Technologies will post 11.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be given a dividend of $0.4125 per share. The ex-dividend date is Friday, April 6th. This represents a $1.65 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
A number of equities analysts have recently issued reports on ROP shares. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo set a $310.00 price target on Roper Technologies and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup restated an “outperform” rating and issued a $335.00 price target (up from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada raised their price target on Roper Technologies to $319.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and an average price target of $298.58.
In other Roper Technologies news, CEO Brian D. Jellison sold 37,220 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $277.01, for a total transaction of $10,310,312.20. Following the sale, the chief executive officer now directly owns 1,459,892 shares of the company’s stock, valued at $404,404,682.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. Insiders have sold 358,826 shares of company stock worth $99,453,060 over the last quarter. 2.50% of the stock is owned by company insiders.
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Roper Technologies Company Profile
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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