Teachers Advisors LLC lessened its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 424,731 shares of the industrial products company’s stock after selling 11,051 shares during the quarter. Teachers Advisors LLC owned approximately 0.41% of Roper Technologies worth $110,005,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Roper Technologies during the fourth quarter worth approximately $117,000. Icon Wealth Partners LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $155,000. Stephens Inc. AR increased its position in Roper Technologies by 113.6% during the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after buying an additional 350 shares during the last quarter. Zions Bancorporation increased its position in Roper Technologies by 3,457.9% during the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after buying an additional 657 shares during the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $180,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
ROP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price target on the stock in a research report on Monday, January 22nd. Wells Fargo & Co set a $310.00 price target on Roper Technologies and gave the stock a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus reissued a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research report on Monday, February 5th. Cowen reaffirmed a “buy” rating and issued a $310.00 target price on shares of Roper Technologies in a research report on Tuesday, March 6th. Finally, Barclays started coverage on Roper Technologies in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $298.58.
In related news, CEO Brian D. Jellison sold 74,589 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the sale, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at $404,419,281.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman purchased 500 shares of Roper Technologies stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average cost of $282.59 per share, for a total transaction of $141,295.00. The disclosure for this purchase can be found here. Insiders have sold 440,326 shares of company stock worth $120,612,905 in the last three months. 2.50% of the stock is currently owned by company insiders.
Roper Technologies Inc (NYSE:ROP) opened at $281.66 on Wednesday. Roper Technologies Inc has a 12-month low of $203.50 and a 12-month high of $290.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. The company has a market capitalization of $29,082.42, a P/E ratio of 30.03, a PEG ratio of 2.07 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. sell-side analysts expect that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The business also recently declared 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. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, April 6th. Roper Technologies’s dividend payout ratio is currently 17.59%.
About Roper Technologies
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.
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