Raymond James & Associates decreased its holdings in Roper Technologies Inc (NYSE:ROP) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,278 shares of the industrial products company’s stock after selling 11,600 shares during the quarter. Raymond James & Associates owned approximately 0.21% of Roper Technologies worth $54,723,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Broadleaf Partners LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $3,165,000. California Public Employees Retirement System grew its stake in shares of Roper Technologies by 5.1% in the third quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock worth $60,190,000 after purchasing an additional 12,087 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Roper Technologies by 2.1% in the third quarter. Great West Life Assurance Co. Can now owns 73,606 shares of the industrial products company’s stock worth $17,766,000 after purchasing an additional 1,535 shares during the last quarter. Mar Vista Investment Partners LLC grew its stake in shares of Roper Technologies by 0.5% in the third quarter. Mar Vista Investment Partners LLC now owns 381,126 shares of the industrial products company’s stock worth $92,766,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Roper Technologies in the third quarter worth $389,000. 94.32% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on ROP. Cowen reissued a “buy” rating and issued a $310.00 price objective on shares of Roper Technologies in a research note on Tuesday, March 6th. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada boosted their price objective on shares of Roper Technologies to $319.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Finally, Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $298.58.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.61 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 earnings per share. equities research analysts expect that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.59%.
In related news, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were bought at an average price of $282.59 per share, with a total value of $141,295.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher Wright sold 1,500 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total transaction 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. Insiders have sold a total of 440,326 shares of company stock worth $120,612,905 in the last three months. Insiders own 2.50% of the company’s stock.
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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