Roper Technologies, Inc. (ROP) Shares Sold by Comerica Bank

Comerica Bank cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,219 shares of the industrial products company’s stock after selling 1,050 shares during the quarter. Comerica Bank owned approximately 0.06% of Roper Technologies worth $15,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROP. Creative Planning boosted its stake in Roper Technologies by 12.7% during the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 91 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its stake in Roper Technologies by 3.4% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,357 shares of the industrial products company’s stock worth $1,240,000 after acquiring an additional 174 shares in the last quarter. Tealwood Asset Management Inc. bought a new position in Roper Technologies during the second quarter worth $1,648,000. Aperio Group LLC boosted its stake in Roper Technologies by 32.6% during the second quarter. Aperio Group LLC now owns 73,740 shares of the industrial products company’s stock worth $17,073,000 after acquiring an additional 18,120 shares in the last quarter. Finally, Maple Capital Management Inc. boosted its stake in Roper Technologies by 0.5% during the second quarter. Maple Capital Management Inc. now owns 36,770 shares of the industrial products company’s stock worth $8,513,000 after acquiring an additional 170 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Roper Technologies, Inc. (NYSE:ROP) traded up $0.56 during mid-day trading on Wednesday, hitting $256.60. 299,000 shares of the stock traded hands, compared to its average volume of 431,678. The stock has a market capitalization of $26,208.82, a P/E ratio of 29.88, a P/E/G ratio of 2.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. Roper Technologies, Inc. has a 52 week low of $178.19 and a 52 week high of $261.37.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is currently 20.32%.

In other news, Director Christopher Wright sold 500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares in the company, valued at $15,313,732.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $235.47, for a total transaction of $235,470.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $2,590,170. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,750 shares of company stock valued at $2,681,690. 2.50% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on ROP shares. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a report on Monday, October 2nd. Robert W. Baird upped their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. BidaskClub downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company restated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $253.67.

About Roper Technologies

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

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