Segall Bryant & Hamill LLC Trims Stake in Roper Technologies Inc (ROP)
Segall Bryant & Hamill LLC trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,711 shares of the industrial products company’s stock after selling 16,637 shares during the quarter. Roper Technologies accounts for 2.0% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 3rd largest position. Segall Bryant & Hamill LLC owned approximately 0.30% of Roper Technologies worth $86,933,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its position in Roper Technologies by 287.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 356,866 shares of the industrial products company’s stock valued at $92,426,000 after acquiring an additional 264,845 shares in the last quarter. ProShare Advisors LLC lifted its position in Roper Technologies by 1,767.3% in the 1st quarter. ProShare Advisors LLC now owns 267,263 shares of the industrial products company’s stock valued at $75,018,000 after acquiring an additional 252,950 shares in the last quarter. Millennium Management LLC lifted its position in Roper Technologies by 159.2% in the 4th quarter. Millennium Management LLC now owns 279,216 shares of the industrial products company’s stock valued at $72,317,000 after acquiring an additional 171,486 shares in the last quarter. BlackRock Inc. lifted its position in Roper Technologies by 1.9% in the 1st quarter. BlackRock Inc. now owns 7,143,959 shares of the industrial products company’s stock valued at $2,005,238,000 after acquiring an additional 135,278 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Roper Technologies by 103.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 230,683 shares of the industrial products company’s stock valued at $64,750,000 after buying an additional 117,562 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.
ROP has been the topic of several recent research reports. Barclays initiated coverage on shares of Roper Technologies in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 price target on the stock. Cowen reiterated a “buy” rating and issued a $310.00 price target on shares of Roper Technologies in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $293.00 price target on shares of Roper Technologies in a research note on Monday, April 23rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Buy” and an average target price of $303.58.
Shares of Roper Technologies stock traded down $0.77 during trading on Thursday, hitting $284.73. 1,673 shares of the stock were exchanged, compared to its average volume of 454,531. The firm has a market capitalization of $29.46 billion, a PE ratio of 30.27, a P/E/G ratio of 2.06 and a beta of 1.07. Roper Technologies Inc has a 1-year low of $226.81 and a 1-year high of $292.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.73 and a quick ratio of 0.63.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.12. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. Roper Technologies’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. analysts expect that Roper Technologies Inc will post 11.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 23rd. Stockholders of record on Monday, July 9th will be paid a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, July 6th. This represents a $1.65 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is presently 17.52%.
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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