AMP Capital Investors Ltd trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,712 shares of the industrial products company’s stock after selling 5,240 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Roper Technologies worth $14,689,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its stake in Roper Technologies by 1.3% during the fourth quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after buying an additional 88,571 shares during the last quarter. Harding Loevner LP grew its stake in Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after buying an additional 4,420,649 shares during the last quarter. Alliancebernstein L.P. grew its stake in Roper Technologies by 3.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock worth $297,519,000 after buying an additional 40,846 shares during the last quarter. Geode Capital Management LLC grew its stake in Roper Technologies by 4.7% during 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 buying an additional 48,550 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in Roper Technologies by 7.3% during 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 buying an additional 72,673 shares during the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Brian D. Jellison sold 81,500 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the transaction, the chief executive officer now directly owns 1,448,575 shares in the company, valued at $376,093,527.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Wright sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $280.08, for a total transaction of $420,120.00. Following the completion of the transaction, the director now owns 62,050 shares in the company, valued at $17,378,964. The disclosure for this sale can be found here. Insiders have sold 440,326 shares of company stock worth $120,612,905 over the last quarter. 2.50% of the stock is owned by company insiders.
Roper Technologies Inc (ROP) opened at $282.83 on Tuesday. Roper Technologies Inc has a 12-month low of $203.50 and a 12-month high of $290.42. The stock has a market cap of $29,080.00, a P/E ratio of 38.74, a PEG ratio of 2.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Roper Technologies’s quarterly revenue was up 21.2% on a year-over-year basis. research analysts anticipate that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders 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 dividend yield of 0.58%. Roper Technologies’s payout ratio is 22.60%.
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Roper Technologies Profile
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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