Psagot Investment House Ltd. Acquires Shares of 420 Roper Technologies Inc (ROP)

Psagot Investment House Ltd. acquired a new position in shares of Roper Technologies Inc (NYSE:ROP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 420 shares of the industrial products company’s stock, valued at approximately $124,000.

Several other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. lifted its stake in shares of Roper Technologies by 28.6% during the second quarter. First Mercantile Trust Co. now owns 777 shares of the industrial products company’s stock worth $214,000 after buying an additional 173 shares during the period. Neuburgh Advisers LLC raised its holdings in shares of Roper Technologies by 10.9% during the second quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 176 shares during the last quarter. HL Financial Services LLC raised its holdings in shares of Roper Technologies by 15.8% during the second quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 185 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Roper Technologies by 17.8% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 188 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Roper Technologies by 5.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,702 shares of the industrial products company’s stock worth $1,097,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.

In other news, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction on Friday, September 14th. The stock was bought at an average price of $312.35 per share, with a total value of $156,175.00. Following the completion of the acquisition, the director now owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total transaction of $223,777.50. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Shares of Roper Technologies stock opened at $296.81 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.66. Roper Technologies Inc has a 1 year low of $252.23 and a 1 year high of $312.65. The firm has a market cap of $30.62 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.94 by $0.15. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $2.36 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were issued a $0.4125 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s payout ratio is 17.52%.

Several research analysts recently issued reports on ROP shares. Zacks Investment Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a report on Tuesday, July 31st. Barclays reduced their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Raymond James cut shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $317.82.

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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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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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