Bristol Gate Capital Partners Inc. Has $31.76 Million Stake in Roper Technologies, Inc. (ROP)

Bristol Gate Capital Partners Inc. reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,476 shares of the industrial products company’s stock after selling 584 shares during the quarter. Roper Technologies comprises 4.8% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 7th biggest holding. Bristol Gate Capital Partners Inc. owned approximately 0.13% of Roper Technologies worth $31,758,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Ardevora Asset Management LLP grew its position in shares of Roper Technologies by 2.8% in the third quarter. Ardevora Asset Management LLP now owns 163,200 shares of the industrial products company’s stock valued at $39,723,000 after purchasing an additional 4,400 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Roper Technologies by 10.9% in the third quarter. Teacher Retirement System of Texas now owns 58,124 shares of the industrial products company’s stock valued at $14,147,000 after purchasing an additional 5,729 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Roper Technologies by 36.1% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 49,554 shares of the industrial products company’s stock valued at $12,061,000 after purchasing an additional 13,150 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Roper Technologies by 13.2% in the third quarter. Toronto Dominion Bank now owns 39,789 shares of the industrial products company’s stock valued at $9,684,000 after purchasing an additional 4,645 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Roper Technologies by 2.4% in the third quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock valued at $2,333,000 after purchasing an additional 224 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

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In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the transaction, the director now owns 14,038 shares in the company, valued at $3,643,001.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the transaction, the director now owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,750 shares of company stock valued at $2,681,690. Corporate insiders own 2.50% of the company’s stock.

ROP has been the topic of several research analyst reports. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada raised their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $253.67.

Roper Technologies, Inc. (ROP) traded down $2.16 during midday trading on Tuesday, hitting $256.04. 443,700 shares of the company traded hands, compared to its average volume of 432,284. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. Roper Technologies, Inc. has a twelve month low of $178.19 and a twelve month high of $261.37. The company has a market capitalization of $26,060.00, a PE ratio of 30.13, a PEG ratio of 2.25 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. sell-side analysts predict that Roper Technologies, Inc. will post 9.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s dividend payout ratio is 20.35%.

Roper Technologies Profile

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

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