Roper Technologies Inc (ROP) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,346 shares of the industrial products company’s stock after selling 1,560 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Roper Technologies were worth $2,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Roper Technologies by 34.8% during the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares in the last quarter. Stephens Inc. AR boosted its position in Roper Technologies by 113.6% during the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 350 shares in the last quarter. Zions Bancorporation boosted its position in Roper Technologies by 3,457.9% during the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 657 shares in the last quarter. Sun Life Financial INC boosted its position in Roper Technologies by 6,690.9% during the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in Roper Technologies during the second quarter worth $190,000. Institutional investors own 93.46% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird boosted their target price on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer boosted their target price on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Royal Bank of Canada boosted their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Cowen reiterated a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $256.27.

In other news, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the sale, the chief executive officer now directly 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 hyperlink. Also, Director Christopher Wright sold 250 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the sale, the director now owns 64,450 shares in the company, valued at $16,669,348. The disclosure for this sale can be found here. Insiders sold 86,950 shares of company stock worth $22,574,581 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Shares of Roper Technologies Inc (ROP) opened at $268.77 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies Inc has a 12-month low of $185.06 and a 12-month high of $271.85. The stock has a market capitalization of $27,510.00, a price-to-earnings ratio of 39.07, a PEG ratio of 2.15 and a beta of 1.06.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a $0.4125 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, January 8th. Roper Technologies’s dividend payout ratio is currently 23.98%.

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Roper Technologies Company Profile

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

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