First National Bank of Omaha Cuts Holdings in Roper Technologies Inc (NYSE:ROP)

First National Bank of Omaha reduced its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 55.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,416 shares of the industrial products company’s stock after selling 21,980 shares during the quarter. First National Bank of Omaha’s holdings in Roper Technologies were worth $2,541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Bank & Trust Co grew its position in shares of Roper Technologies by 122.3% during the third quarter. Capital Bank & Trust Co now owns 389 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 214 shares during the last quarter. Ancora Advisors LLC bought a new position in Roper Technologies in the 3rd quarter valued at about $118,000. Psagot Investment House Ltd. bought a new position in Roper Technologies in the 3rd quarter valued at about $124,000. Harvest Fund Management Co. Ltd bought a new position in Roper Technologies in the 3rd quarter valued at about $126,000. Finally, IFP Advisors Inc grew its position in Roper Technologies by 82.1% in the 3rd quarter. IFP Advisors Inc now owns 519 shares of the industrial products company’s stock valued at $154,000 after buying an additional 234 shares in the last quarter. Institutional investors own 94.14% of the company’s stock.

In other Roper Technologies news, Director Christopher Wright sold 600 shares of Roper Technologies stock in a transaction on Friday, November 16th. The stock was sold at an average price of $294.85, for a total transaction of $176,910.00. Following the completion of the transaction, the director now directly owns 63,080 shares of the company’s stock, valued at $18,599,138. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 9,000 shares of Roper Technologies stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total value of $2,660,580.00. Following the transaction, 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. Insiders sold 16,350 shares of company stock valued at $4,886,905 over the last three months. 2.30% of the stock is owned by company insiders.

A number of brokerages have weighed in on ROP. Stephens began coverage on shares of Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target for the company. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price objective for the company in a research note on Monday, February 4th. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Barclays reduced their price objective on shares of Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, December 17th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $321.25.

Shares of ROP stock opened at $309.34 on Thursday. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $312.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 1.11. The company has a market cap of $31.87 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.00 and a beta of 1.13.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.13 by $0.09. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $2.70 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Roper Technologies Inc will post 12.18 earnings per share for the current fiscal year.

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

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