Blair William & Co. IL Raises Holdings in Roper Technologies Inc (ROP)

Blair William & Co. IL raised its stake in Roper Technologies Inc (NYSE:ROP) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,427 shares of the industrial products company’s stock after purchasing an additional 346 shares during the period. Blair William & Co. IL’s holdings in Roper Technologies were worth $7,236,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC bought a new stake in Roper Technologies in the 2nd quarter valued at $113,000. Fort L.P. bought a new stake in Roper Technologies in the 2nd quarter valued at $120,000. Psagot Investment House Ltd. bought a new stake in Roper Technologies in the 3rd quarter valued at $124,000. Harvest Fund Management Co. Ltd bought a new stake in Roper Technologies in the 3rd quarter valued at $126,000. Finally, IFP Advisors Inc boosted its holdings in Roper Technologies by 82.1% in the 3rd quarter. IFP Advisors Inc now owns 519 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 234 shares during the period. 91.90% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Robert E. Knowling, Jr. sold 1,000 shares of Roper Technologies stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $286.07, for a total transaction of $286,070.00. Following the completion of the transaction, the director now directly owns 13,038 shares of the company’s stock, valued at approximately $3,729,780.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $312.35 per share, with a total value of $156,175.00. Following the completion of the acquisition, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. Insiders have sold a total of 2,350 shares of company stock valued at $686,758 over the last ninety days. 2.30% of the stock is owned by insiders.

ROP has been the subject of a number of research reports. Barclays reduced their price target on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. JPMorgan Chase & Co. downgraded shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price target for the company. in a report on Friday, September 21st. Finally, Stephens initiated coverage on shares of Roper Technologies in a report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective for the company. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $319.08.

NYSE:ROP opened at $297.59 on Friday. The stock has a market cap of $30.40 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. Roper Technologies Inc has a 52 week low of $252.23 and a 52 week high of $312.65. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.15. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $2.36 EPS. On average, equities research analysts expect that Roper Technologies Inc will post 11.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.

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Roper Technologies Profile

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

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