Webster Bank N. A. cut its position in shares of Roper Technologies Inc (NYSE:ROP) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,818 shares of the industrial products company’s stock after selling 227 shares during the quarter. Webster Bank N. A.’s holdings in Roper Technologies were worth $644,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sawgrass Asset Management LLC grew its holdings in Roper Technologies by 0.5% in the third quarter. Sawgrass Asset Management LLC now owns 5,939 shares of the industrial products company’s stock valued at $2,118,000 after purchasing an additional 30 shares during the period. Cornerstone Advisors Inc. grew its holdings in Roper Technologies by 6.5% in the third quarter. Cornerstone Advisors Inc. now owns 574 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 35 shares during the period. Zeke Capital Advisors LLC grew its stake in Roper Technologies by 2.2% during the third quarter. Zeke Capital Advisors LLC now owns 1,651 shares of the industrial products company’s stock worth $589,000 after buying an additional 36 shares during the period. Peapack Gladstone Financial Corp grew its stake in Roper Technologies by 6.3% during the second quarter. Peapack Gladstone Financial Corp now owns 663 shares of the industrial products company’s stock worth $243,000 after buying an additional 39 shares during the period. Finally, Summit X LLC grew its stake in Roper Technologies by 2.4% during the third quarter. Summit X LLC now owns 1,720 shares of the industrial products company’s stock worth $611,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.
In other news, VP Jason Conley sold 2,500 shares of the business’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 directly owns 22,070 shares of the company’s stock, valued at $7,778,792.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $360.33, for a total transaction of $180,165.00. Following the transaction, the director now directly owns 8,580 shares in the company, valued at $3,091,631.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,500 shares of company stock worth $4,439,435. Corporate insiders own 1.90% of the company’s stock.
ROP opened at $372.60 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Roper Technologies Inc has a 52-week low of $268.81 and a 52-week high of $385.51. The company has a 50 day moving average of $356.54 and a two-hundred day moving average of $355.97. The company has a market cap of $38.93 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.48 and a beta of 1.12.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.10. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $3.09 earnings per share. Roper Technologies’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.512 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.46. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, January 8th. Roper Technologies’s payout ratio is presently 17.36%.
ROP has been the subject of several research reports. Stephens set a $386.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Cowen reiterated an “outperform” rating and set a $400.00 price objective (up from $375.00) on shares of Roper Technologies in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Roper Technologies has an average rating of “Buy” and a consensus price target of $375.55.
Roper Technologies 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.
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