DnB Asset Management AS lessened its stake in Roper Technologies Inc (NYSE:ROP) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,611 shares of the industrial products company’s stock after selling 800 shares during the period. DnB Asset Management AS’s holdings in Roper Technologies were worth $3,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after buying an additional 152 shares during the period. Stephens Inc. AR raised its position in Roper Technologies by 113.6% in 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 raised its position in Roper Technologies by 3,457.9% in 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 raised its position in Roper Technologies by 6,690.9% in 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. acquired a new position in Roper Technologies in the second quarter worth about $190,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Shares of Roper Technologies Inc (NYSE ROP) opened at $275.28 on Friday. The firm has a market cap of $27,890.00, a P/E ratio of 40.01, a PEG ratio of 2.15 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 fifty-two week low of $185.10 and a fifty-two week high of $275.52.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.4125 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.65 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.98%.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird increased their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer increased their price target on shares of 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 increased their price target on shares of 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 reissued a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $256.27.

In other news, Director Christopher Wright sold 250 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the sale, the director now owns 64,450 shares of the company’s stock, valued at $16,669,348. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian D. Jellison sold 81,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,950 shares of company stock valued at $22,574,581. Company insiders own 2.50% of the company’s stock.

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About Roper Technologies

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

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