Roper Technologies Inc (ROP) Shares Bought by First Manhattan Co.

First Manhattan Co. raised its position in shares of Roper Technologies Inc (NYSE:ROP) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,362 shares of the industrial products company’s stock after purchasing an additional 102 shares during the quarter. First Manhattan Co.’s holdings in Roper Technologies were worth $1,491,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cutler Group LP purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $26,000. Berman Capital Advisors LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $26,000. Pinnacle Bank purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $26,000. Proficio Capital Partners LLC boosted its stake in shares of Roper Technologies by 115.8% in the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after buying an additional 66 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 92.49% of the company’s stock.

In other Roper Technologies news, Director Christopher Wright sold 1,750 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $328.13, for a total transaction of $574,227.50. Following the transaction, the director now owns 60,163 shares in the company, valued at $19,741,285.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total value of $2,660,580.00. Following the transaction, the vice president now owns 39,521 shares in the company, valued at approximately $11,683,198.02. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $8,115,760 in the last quarter. 2.30% of the stock is currently owned by company insiders.

A number of analysts have recently commented on the company. Oppenheimer upped their target price on Roper Technologies from $335.00 to $375.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Barclays upped their target price on Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Tuesday, March 19th. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Wells Fargo & Co upped their target price on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $336.11.

Shares of ROP opened at $349.39 on Wednesday. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $353.63. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $36.41 billion, a PE ratio of 29.76, a P/E/G ratio of 2.33 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.09. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. Roper Technologies’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.70 earnings per share. On average, research analysts predict that Roper Technologies Inc will post 12.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 15.66%.

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

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