Rational Advisors LLC Lowers Stock Position in Roper Technologies Inc (NYSE:ROP)

Rational Advisors LLC lessened its position in shares of Roper Technologies Inc (NYSE:ROP) by 27.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,440 shares of the industrial products company’s stock after selling 556 shares during the period. Rational Advisors LLC’s holdings in Roper Technologies were worth $510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Roper Technologies by 1.4% during the 4th quarter. State Street Corp now owns 4,347,223 shares of the industrial products company’s stock worth $1,539,917,000 after acquiring an additional 61,504 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Roper Technologies by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,989,315 shares of the industrial products company’s stock valued at $709,390,000 after acquiring an additional 51,868 shares during the period. Principal Financial Group Inc. grew its position in shares of Roper Technologies by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,345,849 shares of the industrial products company’s stock valued at $476,740,000 after acquiring an additional 119,835 shares during the period. Inverness Counsel LLC NY increased its stake in shares of Roper Technologies by 1.8% in the 4th quarter. Inverness Counsel LLC NY now owns 697,478 shares of the industrial products company’s stock valued at $247,068,000 after purchasing an additional 12,361 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Roper Technologies by 2.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 467,118 shares of the industrial products company’s stock valued at $165,468,000 after purchasing an additional 10,989 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Shares of ROP traded up $4.13 during mid-day trading on Friday, hitting $392.52. 13,451 shares of the company were exchanged, compared to its average volume of 433,320. Roper Technologies Inc has a 1-year low of $305.65 and a 1-year high of $395.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.75 and a current ratio of 0.83. The company has a 50 day moving average of $374.13 and a 200-day moving average of $356.98. The stock has a market cap of $40.77 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $3.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.34 by $0.05. Roper Technologies had a return on equity of 15.85% and a net margin of 32.94%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $3.22 EPS. Roper Technologies’s revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Roper Technologies Inc will post 13.47 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Wells Fargo & Co increased their price target on Roper Technologies from $425.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada boosted their price objective on Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Cowen restated an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Roper Technologies in a research report on Tuesday, December 17th. Stephens set a $386.00 target price on Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays reiterated a “hold” rating and set a $368.00 target price on shares of Roper Technologies in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $389.50.

In other news, VP Jason Conley sold 2,500 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $352.46, for a total transaction of $881,150.00. Following the completion of the sale, the vice president now owns 22,070 shares of the company’s stock, valued at $7,778,792.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $351.36, for a total transaction of $175,680.00. Following the completion of the sale, the director now owns 59,939 shares of the company’s stock, valued at $21,060,167.04. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $3,036,995 in the last three months. Insiders own 1.90% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification 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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