Roper Technologies Inc (ROP) Stake Decreased by DE Burlo Group Inc.

DE Burlo Group Inc. reduced its holdings in Roper Technologies Inc (NYSE:ROP) by 48.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,300 shares of the industrial products company’s stock after selling 18,000 shares during the quarter. DE Burlo Group Inc.’s holdings in Roper Technologies were worth $4,998,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $117,000. Stephens Inc. AR grew its position in shares of Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after buying an additional 350 shares during the last quarter. Zions Bancorporation grew its position in shares of Roper Technologies by 3,457.9% in the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after buying an additional 657 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $211,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $190,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

A number of equities research analysts have recently weighed in on ROP shares. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Wells Fargo & Co set a $310.00 price target on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Robert W. Baird lifted their price target on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Royal Bank of Canada lifted their price target on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $285.38.

In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the transaction, the chief executive officer now owns 1,448,575 shares in the company, valued at $376,093,527.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian D. Jellison sold 215,411 shares of Roper Technologies stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $277.22, for a total value of $59,716,237.42. Following the transaction, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. Insiders have sold 439,526 shares of company stock valued at $120,362,826 in the last quarter. 2.50% of the stock is owned by company insiders.

Shares of Roper Technologies Inc (ROP) opened at $270.47 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87. Roper Technologies Inc has a 1 year low of $203.50 and a 1 year high of $290.42. The firm has a market capitalization of $27,690.00, a P/E ratio of 28.83, a P/E/G ratio of 1.98 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. research analysts predict that Roper Technologies Inc will post 11.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were given a dividend of $0.4125 per share. The ex-dividend date was Monday, January 8th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s payout ratio is currently 17.59%.

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Roper Technologies Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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