Country Trust Bank lifted its stake in Roper Technologies Inc (NYSE:ROP) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,421 shares of the industrial products company’s stock after acquiring an additional 4,184 shares during the period. Roper Technologies makes up about 1.4% of Country Trust Bank’s holdings, making the stock its 22nd largest holding. Country Trust Bank owned 0.09% of Roper Technologies worth $31,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of ROP. Vanguard Group Inc. raised its position in shares of Roper Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 11,266,186 shares of the industrial products company’s stock worth $3,337,157,000 after buying an additional 76,582 shares in the last quarter. Vanguard Group Inc raised its position in shares of Roper Technologies by 0.7% in the third quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock worth $3,337,157,000 after buying an additional 76,582 shares in the last quarter. BlackRock Inc. raised its position in shares of Roper Technologies by 3.7% in the fourth quarter. BlackRock Inc. now owns 7,181,267 shares of the industrial products company’s stock worth $1,913,952,000 after buying an additional 255,881 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Roper Technologies by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,761,462 shares of the industrial products company’s stock worth $469,464,000 after buying an additional 113,539 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Roper Technologies by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after buying an additional 103,001 shares in the last quarter. 92.49% of the stock is owned by hedge funds and other institutional investors.
NYSE ROP traded down $1.50 during trading hours on Wednesday, reaching $347.89. 59,381 shares of the stock traded hands, compared to its average volume of 365,064. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $353.63. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.33 and a beta of 1.21.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.09. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts expect that Roper Technologies Inc will post 12.22 earnings per share for the current fiscal year.
The company 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 is Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is 15.66%.
ROP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Roper Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Robert W. Baird increased their price objective on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Wells Fargo & Co raised their price target on Roper Technologies from $342.00 to $345.00 and gave the company an “outperform” rating in a research report on Monday, February 4th. Finally, Barclays raised their price target on Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $336.11.
In other news, Director Wilbur J. Prezzano sold 6,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $311.61, for a total value of $1,869,660.00. Following the transaction, the director now owns 20,206 shares in the company, valued at $6,296,391.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $307.39, for a total value of $1,536,950.00. Following the completion of the transaction, the vice president now owns 26,637 shares in the company, valued at approximately $8,187,947.43. 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 90 days. Company insiders own 2.30% of the company’s stock.
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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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