Teachers Advisors LLC lowered its stake in shares of Roper Technologies Inc (NYSE:ROP) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,731 shares of the industrial products company’s stock after selling 11,051 shares during the quarter. Teachers Advisors LLC’s holdings in Roper Technologies were worth $110,005,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ROP. Harding Loevner LP grew its position in Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after buying an additional 4,420,649 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Roper Technologies by 287.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 356,866 shares of the industrial products company’s stock worth $92,426,000 after purchasing an additional 264,845 shares during the last quarter. KBC Group NV lifted its stake in Roper Technologies by 179.0% during the third quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock worth $46,950,000 after purchasing an additional 123,757 shares during the last quarter. BlackRock Inc. lifted its stake in Roper Technologies by 1.3% during the fourth quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after purchasing an additional 88,571 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Roper Technologies by 34.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 314,753 shares of the industrial products company’s stock worth $81,522,000 after purchasing an additional 80,905 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on ROP. Cowen restated a “buy” rating and set a $310.00 target price on shares of Roper Technologies in a research note on Tuesday, March 6th. Stifel Nicolaus restated a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada upped their target price on Roper Technologies to $319.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Finally, Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $298.58.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned $1.86 EPS. Roper Technologies’s revenue was up 21.2% compared to the same quarter last year. sell-side analysts predict that Roper Technologies Inc will post 11.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 6th. Roper Technologies’s payout ratio is 17.59%.
In other news, Director Richard F. Wallman purchased 500 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of $282.59 per share, for a total transaction of $141,295.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the transaction, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 440,326 shares of company stock valued at $120,612,905 over the last quarter. 2.50% of the stock is owned by corporate insiders.
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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