Bronfman E.L. Rothschild L.P. raised its position in Roper Technologies Inc (NYSE:ROP) by 104.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,961 shares of the industrial products company’s stock after purchasing an additional 2,023 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Roper Technologies were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Maple Capital Management Inc. increased its stake in shares of Roper Technologies by 1.6% in the fourth quarter. Maple Capital Management Inc. now owns 41,159 shares of the industrial products company’s stock valued at $10,970,000 after purchasing an additional 645 shares during the period. Gardner Lewis Asset Management L P acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $1,946,000. Mackay Shields LLC increased its stake in shares of Roper Technologies by 64.9% during the fourth quarter. Mackay Shields LLC now owns 27,190 shares of the industrial products company’s stock valued at $7,246,000 after acquiring an additional 10,706 shares during the period. Claybrook Capital LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $35,000. Finally, Abacus Planning Group Inc. increased its stake in shares of Roper Technologies by 353.4% during the fourth quarter. Abacus Planning Group Inc. now owns 14,313 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 11,156 shares during the period. Institutional investors own 91.86% of the company’s stock.
A number of research firms recently commented on ROP. Stephens began coverage on shares of Roper Technologies in a research note on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective on the stock. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price objective on the stock in a research note on Monday, February 4th. Wells Fargo & Co raised their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Finally, Robert W. Baird raised their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a research note on Monday, February 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $321.25.
In related news, VP John K. Stipancich sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the completion of the sale, the vice president now directly owns 39,521 shares in the company, valued at $11,683,198.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $307.39, for a total transaction of $1,536,950.00. Following the sale, the vice president now owns 26,637 shares of the company’s stock, valued at $8,187,947.43. The disclosure for this sale can be found here. Insiders have sold 24,750 shares of company stock valued at $7,541,533 over the last 90 days. 2.30% of the stock is currently owned by insiders.
NYSE ROP opened at $326.21 on Friday. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $327.55. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The company has a market cap of $33.80 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.14 and a beta of 1.21.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.09. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share. Sell-side analysts predict that Roper Technologies Inc will post 12.24 EPS for the current fiscal year.
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Roper Technologies 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.
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