Corient Capital Partners LLC increased its stake in shares of Roper Technologies Inc (NYSE:ROP) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372 shares of the industrial products company’s stock after purchasing an additional 318 shares during the period. Corient Capital Partners LLC’s holdings in Roper Technologies were worth $366,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of ROP. HL Financial Services LLC raised its holdings in Roper Technologies by 5.5% in the 4th quarter. HL Financial Services LLC now owns 1,447 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 75 shares during the last quarter. Whittier Trust Co. raised its holdings in Roper Technologies by 80.4% in the 4th quarter. Whittier Trust Co. now owns 1,526 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 680 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Roper Technologies by 65.7% in the 4th quarter. Mackenzie Financial Corp now owns 84,850 shares of the industrial products company’s stock valued at $22,614,000 after acquiring an additional 33,636 shares during the last quarter. Progressive Investment Management Corp raised its holdings in Roper Technologies by 2.7% in the 4th quarter. Progressive Investment Management Corp now owns 18,107 shares of the industrial products company’s stock valued at $4,826,000 after acquiring an additional 477 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
ROP stock opened at $313.47 on Thursday. The firm has a market cap of $32.19 billion, a PE ratio of 26.54, a PEG ratio of 2.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 0.98. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $313.71.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.70 EPS. On average, analysts forecast that Roper Technologies Inc will post 12.18 earnings per share for the current fiscal year.
In related news, Director Wilbur J. Prezzano sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the completion of the sale, the director now directly owns 20,206 shares of the company’s stock, valued at approximately $6,296,391.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the sale, the vice president now directly owns 39,521 shares of the company’s stock, valued at $11,683,198.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,750 shares of company stock valued at $7,809,415. Insiders own 2.30% of the company’s stock.
ROP has been the subject of several analyst reports. Barclays cut their price target on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Stephens started coverage on Roper Technologies in a report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective for the company. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Robert W. Baird upped their price objective on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $321.25.
Roper Technologies Company 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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