Roper Technologies Inc (NYSE:ROP) Position Trimmed by Kendall Capital Management

Kendall Capital Management trimmed its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,627 shares of the industrial products company’s stock after selling 160 shares during the period. Kendall Capital Management’s holdings in Roper Technologies were worth $576,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Roper Technologies by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,989,315 shares of the industrial products company’s stock valued at $709,390,000 after acquiring an additional 51,868 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in Roper Technologies by 1.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 461,015 shares of the industrial products company’s stock worth $164,398,000 after buying an additional 5,032 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Roper Technologies by 0.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 456,129 shares of the industrial products company’s stock worth $162,656,000 after buying an additional 1,627 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Roper Technologies by 1.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 434,930 shares of the industrial products company’s stock worth $155,096,000 after buying an additional 7,163 shares in the last quarter. Finally, Barclays PLC lifted its position in Roper Technologies by 6.1% in the 3rd quarter. Barclays PLC now owns 407,943 shares of the industrial products company’s stock worth $145,471,000 after buying an additional 23,502 shares in the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

In other news, VP Jason Conley sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $352.46, for a total transaction of $881,150.00. Following the transaction, the vice president now owns 22,070 shares in the company, valued at approximately $7,778,792.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the transaction, the vice president now owns 34,004 shares in the company, valued at approximately $12,241,440. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $4,439,435 in the last 90 days. 1.90% of the stock is owned by insiders.

Shares of Roper Technologies stock traded down $1.62 during midday trading on Friday, reaching $376.84. 363,578 shares of the company’s stock traded hands, compared to its average volume of 380,117. The company has a market cap of $39.38 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12. The company’s 50 day simple moving average is $360.65 and its 200 day simple moving average is $356.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 1.08. Roper Technologies Inc has a 52 week low of $278.43 and a 52 week high of $385.51.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.10. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. Roper Technologies’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 EPS. As a group, equities research analysts predict that Roper Technologies Inc will post 13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were issued a dividend of $0.512 per share. The ex-dividend date was Wednesday, January 8th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.54%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.46. Roper Technologies’s dividend payout ratio (DPR) is currently 17.36%.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada set a $383.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Cowen reiterated an “outperform” rating and issued a $400.00 target price (up previously from $375.00) on shares of Roper Technologies in a research report on Tuesday, December 17th. Finally, Stephens set a $386.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $375.55.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Read More: Correction

Institutional Ownership by Quarter for Roper Technologies (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.