Fulton Breakefield Broenniman LLC Acquires 93 Shares of Roper Technologies Inc (NYSE:ROP)
Fulton Breakefield Broenniman LLC boosted its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,497 shares of the industrial products company’s stock after acquiring an additional 93 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Roper Technologies were worth $11,865,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Roper Technologies by 2.0% during the second quarter. LPL Financial LLC now owns 4,058 shares of the industrial products company’s stock valued at $1,486,000 after purchasing an additional 79 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Roper Technologies by 107.2% during the third quarter. State of Alaska Department of Revenue now owns 34,552 shares of the industrial products company’s stock valued at $12,321,000 after buying an additional 17,874 shares during the last quarter. Rational Advisors LLC raised its stake in Roper Technologies by 6.6% during the third quarter. Rational Advisors LLC now owns 1,996 shares of the industrial products company’s stock valued at $711,000 after buying an additional 124 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Roper Technologies by 14.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 4,386 shares of the industrial products company’s stock valued at $1,564,000 after buying an additional 554 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Roper Technologies by 53.4% in the third quarter. IFM Investors Pty Ltd now owns 11,035 shares of the industrial products company’s stock worth $3,935,000 after acquiring an additional 3,843 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $360.33, for a total value of $180,165.00. Following the transaction, the director now directly owns 8,580 shares in the company, valued at approximately $3,091,631.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Crisci sold 4,000 shares of Roper Technologies stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $350.61, for a total value of $1,402,440.00. Following the completion of the sale, the chief financial officer now directly owns 29,245 shares of the company’s stock, valued at approximately $10,253,589.45. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $4,439,435 in the last 90 days. Company insiders own 1.90% of the company’s stock.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.10. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $3.09 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.512 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $2.05 annualized dividend and a yield of 0.55%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.46. Roper Technologies’s dividend payout ratio is currently 17.36%.
Several brokerages have recently weighed in on ROP. JPMorgan Chase & Co. raised their price target on Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Stephens set a $386.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Cowen restated an “outperform” rating and set a $400.00 price objective (up from $375.00) on shares of Roper Technologies in a research note on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $375.55.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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