Bank of America Corp DE lowered its stake in shares of Roper Technologies Inc (NYSE:ROP) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,353 shares of the industrial products company’s stock after selling 23,878 shares during the quarter. Bank of America Corp DE owned about 0.28% of Roper Technologies worth $78,451,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ROP. Commonwealth Equity Services LLC increased its position in shares of Roper Technologies by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 8,621 shares of the industrial products company’s stock worth $2,553,000 after acquiring an additional 293 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Roper Technologies by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock worth $370,008,000 after acquiring an additional 134,469 shares in the last quarter. MML Investors Services LLC grew its holdings in Roper Technologies by 34.0% during the 3rd quarter. MML Investors Services LLC now owns 4,831 shares of the industrial products company’s stock worth $1,431,000 after acquiring an additional 1,227 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Roper Technologies by 21.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock worth $282,073,000 after buying an additional 168,161 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of Roper Technologies by 5.4% in the 3rd quarter. American International Group Inc. now owns 41,895 shares of the industrial products company’s stock worth $12,410,000 after buying an additional 2,130 shares during the last quarter. 92.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Christopher Wright sold 1,750 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $328.13, for a total transaction of $574,227.50. Following the completion of the sale, the director now directly owns 60,163 shares of the company’s stock, valued at approximately $19,741,285.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $326.97 per share, with a total value of $163,485.00. Following the completion of the purchase, the director now directly owns 53,465 shares in the company, valued at $17,481,451.05. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 26,500 shares of company stock valued at $8,115,760. 2.30% of the stock is currently owned by company insiders.
Roper Technologies stock traded up $0.17 on Monday, hitting $351.43. The company’s stock had a trading volume of 265,601 shares, compared to its average volume of 398,603. Roper Technologies Inc has a one year low of $245.59 and a one year high of $353.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 0.98. The firm has a market capitalization of $36.39 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21.
Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.13 by $0.09. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts predict that Roper Technologies Inc will post 12.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is presently 15.66%.
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Roper Technologies Profile
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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