Elkhorn Investments LLC trimmed its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,947 shares of the industrial products company’s stock after selling 1,078 shares during the quarter. Elkhorn Investments LLC’s holdings in Roper Technologies were worth $1,171,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of Roper Technologies by 10.3% during the third quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 195 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Roper Technologies by 14.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 202 shares in the last quarter. Scotia Capital Inc. raised its holdings in shares of Roper Technologies by 13.5% in the fourth quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 202 shares in the last quarter. Neumann Capital Management LLC raised its holdings in shares of Roper Technologies by 6.5% in the fourth quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock valued at $888,000 after acquiring an additional 210 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Roper Technologies by 2.4% in the third quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock valued at $2,333,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction dated 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Wright sold 500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.99, for a total transaction of $141,995.00. The disclosure for this sale can be found here. Insiders sold 440,326 shares of company stock valued at $120,612,905 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.
Shares of Roper Technologies Inc (NYSE ROP) traded down $0.56 during trading on Wednesday, reaching $281.10. 16,911 shares of the company’s stock were exchanged, compared to its average volume of 459,282. The company has a market capitalization of $29,082.42, a P/E ratio of 30.03, a PEG ratio of 2.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. Roper Technologies Inc has a fifty-two week low of $203.50 and a fifty-two week high of $290.42.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. equities research analysts predict that Roper Technologies Inc will post 11.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be issued a $0.4125 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 17.59%.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/14/roper-technologies-inc-rop-shares-sold-by-elkhorn-investments-llc.html.
Roper Technologies Company 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.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.