NBW Capital LLC decreased its stake in Roper Technologies Inc (NYSE:ROP) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,326 shares of the industrial products company’s stock after selling 364 shares during the quarter. Roper Technologies makes up 2.3% of NBW Capital LLC’s portfolio, making the stock its 7th biggest holding. NBW Capital LLC’s holdings in Roper Technologies were worth $8,631,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Roper Technologies by 1.3% in the fourth quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after acquiring an additional 88,571 shares during the period. Harding Loevner LP boosted its stake in shares of Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after acquiring an additional 4,420,649 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Roper Technologies by 3.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock worth $297,519,000 after acquiring an additional 40,846 shares during the period. Geode Capital Management LLC boosted its stake in shares of Roper Technologies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 1,075,766 shares of the industrial products company’s stock worth $278,036,000 after acquiring an additional 48,550 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Roper Technologies by 7.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,074,847 shares of the industrial products company’s stock worth $261,618,000 after acquiring an additional 72,673 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
In other Roper Technologies news, Director Christopher Wright sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.99, for a total transaction of $141,995.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian D. Jellison sold 215,411 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $277.22, for a total value of $59,716,237.42. Following the sale, the chief executive officer now owns 1,564,778 shares in the company, valued at $433,787,757.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 440,326 shares of company stock worth $120,612,905. Company insiders own 2.50% of the company’s stock.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. equities analysts anticipate that Roper Technologies Inc will post 11.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders 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 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.59%.
A number of equities analysts recently commented on the company. Robert W. Baird reissued a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Citigroup reissued an “outperform” rating and set a $335.00 price target (up from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Cowen reissued a “buy” rating and set a $310.00 price target on shares of Roper Technologies in a research note on Tuesday, March 6th. Finally, Barclays assumed coverage on Roper Technologies in a research note on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $298.58.
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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