Stifel Financial Corp lowered its stake in Roper Technologies Inc (NYSE:ROP) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,593 shares of the industrial products company’s stock after selling 257 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Roper Technologies worth $18,350,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cutler Group LP purchased a new position in Roper Technologies during the 4th quarter valued at about $26,000. Berman Capital Advisors LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $26,000. Proficio Capital Partners LLC grew its stake in Roper Technologies by 115.8% during the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. We Are One Seven LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $35,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Roper Technologies by 125.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 75 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $307.39, for a total value of $1,536,950.00. Following the completion of the sale, the vice president now directly owns 26,637 shares in the company, valued at approximately $8,187,947.43. The transaction 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 business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total value of $2,660,580.00. Following the completion of the sale, the vice president now 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 quarter, insiders have sold 24,750 shares of company stock valued at $7,541,533. 2.30% of the stock is owned by corporate insiders.
Shares of Roper Technologies stock traded up $0.67 during trading on Friday, hitting $326.13. 4,381 shares of the stock traded hands, compared to its average volume of 406,569. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.14 and a beta of 1.21. 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 twelve month low of $245.59 and a twelve month high of $327.48.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 EPS. As a group, equities research analysts predict that Roper Technologies Inc will post 12.24 earnings per share for the current year.
Several equities analysts have weighed in on ROP shares. ValuEngine cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Stephens started coverage on Roper Technologies in a research note on Monday, November 19th. They set an “overweight” rating and a $333.00 target price on the stock. Barclays lowered their target price on Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating on the stock in a research note on Monday, December 17th. Robert W. Baird lifted their target price on Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a research note on Monday, February 4th. Finally, Wells Fargo & Co lifted their target price on Roper Technologies from $342.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $321.25.
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About Roper Technologies
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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