Davis R M Inc. trimmed its holdings in Roper Technologies Inc (NYSE:ROP) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 169,271 shares of the industrial products company’s stock after selling 4,008 shares during the quarter. Roper Technologies accounts for about 1.7% of Davis R M Inc.’s holdings, making the stock its 15th biggest holding. Davis R M Inc.’s holdings in Roper Technologies were worth $43,841,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ROP. CIBC World Markets Inc. bought a new stake in Roper Technologies during the 2nd quarter valued at $226,000. Wells Fargo & Company MN raised its holdings in Roper Technologies by 32.5% during the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock valued at $50,197,000 after buying an additional 53,202 shares during the last quarter. Fiera Capital Corp raised its holdings in Roper Technologies by 3.5% during the 2nd quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock valued at $310,000 after buying an additional 45 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Roper Technologies by 2.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 190,407 shares of the industrial products company’s stock valued at $44,082,000 after buying an additional 3,910 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in Roper Technologies during the 2nd quarter valued at $724,000. Institutional investors own 93.55% of the company’s stock.
Shares of Roper Technologies Inc (NYSE ROP) traded up $2.78 during trading on Tuesday, reaching $275.28. 249,700 shares of the company’s stock were exchanged, compared to its average volume of 334,822. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market cap of $28,180.00, a P/E ratio of 40.01, a P/E/G ratio of 2.21 and a beta of 1.06. Roper Technologies Inc has a fifty-two week low of $185.10 and a fifty-two week high of $275.52.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 EPS. sell-side analysts expect that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.4125 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, January 8th. Roper Technologies’s payout ratio is presently 23.98%.
A number of research firms recently commented on ROP. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Robert W. Baird upped their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada upped their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Finally, Cowen reiterated a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $256.27.
In other Roper Technologies news, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at approximately $2,522,291. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the transaction, the chief executive officer now directly owns 1,448,575 shares in the company, valued at $376,093,527.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,950 shares of company stock worth $22,574,581. Insiders own 2.50% of the company’s stock.
Roper Technologies Company Profile
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.