FIL Ltd Lowers Stake in Roper Technologies Inc (ROP)

FIL Ltd lessened its position in shares of Roper Technologies Inc (NYSE:ROP) by 59.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,182 shares of the industrial products company’s stock after selling 11,896 shares during the period. FIL Ltd’s holdings in Roper Technologies were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Psagot Investment House Ltd. bought a new stake in Roper Technologies during the 3rd quarter worth approximately $124,000. Harvest Fund Management Co. Ltd bought a new stake in Roper Technologies during the 3rd quarter worth approximately $126,000. Fort L.P. bought a new stake in Roper Technologies during the 2nd quarter worth approximately $120,000. IFP Advisors Inc increased its holdings in Roper Technologies by 82.1% during the 3rd quarter. IFP Advisors Inc now owns 519 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 234 shares during the period. Finally, Signaturefd LLC increased its holdings in Roper Technologies by 46.6% during the 2nd quarter. Signaturefd LLC now owns 680 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 216 shares during the period. 91.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Knowling, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $286.07, for a total transaction of $286,070.00. Following the completion of the sale, the director now directly owns 13,038 shares of the company’s stock, valued at approximately $3,729,780.66. The disclosure for this sale can be found here. Insiders sold a total of 2,350 shares of company stock worth $686,758 in the last three months. Insiders own 2.30% of the company’s stock.

A number of analysts recently weighed in on ROP shares. JPMorgan Chase & Co. lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price on the stock. in a report on Friday, September 21st. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Barclays decreased their price target on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. Finally, Stephens began coverage on shares of Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $319.08.

Shares of NYSE:ROP opened at $297.59 on Monday. The firm has a market capitalization of $30.78 billion, a PE ratio of 31.59, a P/E/G ratio of 2.06 and a beta of 1.14. Roper Technologies Inc has a one year low of $252.23 and a one year high of $312.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.36 EPS. Research analysts expect that Roper Technologies Inc will post 11.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th will be issued a $0.4625 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio is presently 17.52%.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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