Cramer Rosenthal Mcglynn LLC reduced its stake in Roper Technologies Inc (NYSE:ROP) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,405 shares of the industrial products company’s stock after selling 3,850 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.08% of Roper Technologies worth $20,825,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Roper Technologies in the fourth quarter valued at $117,000. Icon Wealth Partners LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $155,000. Stephens Inc. AR raised its stake in Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after buying an additional 350 shares in the last quarter. Zions Bancorporation raised its stake in Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after buying an additional 657 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $180,000. Institutional investors and hedge funds own 94.32% of the company’s stock.
Roper Technologies Inc (NYSE ROP) opened at $281.66 on Wednesday. The stock has a market capitalization of $29,082.42, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. Roper Technologies Inc has a twelve month low of $203.50 and a twelve month high of $290.42. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63.
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 issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, April 6th. Roper Technologies’s dividend payout ratio is currently 17.59%.
In related news, Director Richard F. Wallman purchased 500 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average price of $282.59 per share, with a total value of $141,295.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total value of $420,120.00. Following the transaction, the director now directly owns 62,050 shares in the company, valued at approximately $17,378,964. The disclosure for this sale can be found here. In the last three months, insiders have sold 440,326 shares of company stock worth $120,612,905. Corporate insiders own 2.50% of the company’s stock.
A number of analysts have weighed in on the company. Cowen restated a “buy” rating and issued a $310.00 price target on shares of Roper Technologies in a research note on Tuesday, March 6th. Stifel Nicolaus restated a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada raised their price target on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Finally, Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $298.58.
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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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