Vigilant Capital Management LLC lessened its holdings in Roper Technologies Inc (NYSE:ROP) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410 shares of the industrial products company’s stock after selling 150 shares during the period. Vigilant Capital Management LLC’s holdings in Roper Technologies were worth $140,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Roper Technologies in the fourth quarter valued at approximately $257,192,000. BlackRock Inc. boosted its holdings in Roper Technologies by 3.7% in the fourth quarter. BlackRock Inc. now owns 7,181,267 shares of the industrial products company’s stock valued at $1,913,952,000 after acquiring an additional 255,881 shares during the last quarter. Villere ST Denis J & Co. LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $59,432,000. Bank of New York Mellon Corp boosted its holdings in Roper Technologies by 21.4% in the third quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock valued at $282,073,000 after acquiring an additional 168,161 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Roper Technologies by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after acquiring an additional 134,469 shares during the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Several brokerages recently commented on ROP. Oppenheimer upped their target price on Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price target on the stock in a research note on Monday, February 4th. ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Robert W. Baird upped their price target on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a report on Monday, February 4th. Finally, Wells Fargo & Co upped their price target on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a report on Monday, February 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $336.11.
NYSE:ROP traded up $0.90 during trading on Wednesday, reaching $350.29. The company’s stock had a trading volume of 228 shares, compared to its average volume of 365,064. The company has a market capitalization of $36.20 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 0.98. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $353.63.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.09. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. Sell-side analysts anticipate that Roper Technologies Inc will post 12.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, April 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s payout ratio is 15.66%.
In other Roper Technologies news, Director Richard F. Wallman purchased 500 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $326.97 per share, with a total value of $163,485.00. Following the acquisition, the director now directly owns 53,465 shares in the company, valued at approximately $17,481,451.05. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Wright sold 1,750 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $328.13, for a total value of $574,227.50. Following the transaction, the director now directly owns 60,163 shares in the company, valued at $19,741,285.19. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $8,115,760 in the last quarter. 2.30% of the stock is owned by corporate insiders.
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About Roper Technologies
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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