Brinker Capital Inc. lowered its stake in Roper Technologies Inc (NYSE:ROP) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,955 shares of the industrial products company’s stock after selling 40 shares during the quarter. Brinker Capital Inc.’s holdings in Roper Technologies were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of ROP. Congress Asset Management Co. MA boosted its position in shares of Roper Technologies by 0.9% during the fourth quarter. Congress Asset Management Co. MA now owns 191,784 shares of the industrial products company’s stock valued at $51,114,000 after purchasing an additional 1,802 shares in the last quarter. MAI Capital Management boosted its position in shares of Roper Technologies by 1.6% during the fourth quarter. MAI Capital Management now owns 7,068 shares of the industrial products company’s stock valued at $1,884,000 after purchasing an additional 110 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Roper Technologies by 7.6% during the fourth quarter. State of Alaska Department of Revenue now owns 18,943 shares of the industrial products company’s stock valued at $5,046,000 after purchasing an additional 1,330 shares in the last quarter. First United Bank Trust bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $329,000. Finally, Appleton Partners Inc. MA boosted its position in shares of Roper Technologies by 0.7% during the fourth quarter. Appleton Partners Inc. MA now owns 20,245 shares of the industrial products company’s stock valued at $5,396,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
Shares of ROP stock traded up $0.17 during mid-day trading on Monday, hitting $351.43. The company’s stock had a trading volume of 259,556 shares, compared to its average volume of 398,603. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week 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 stock has a market capitalization of $36.39 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.30 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, April 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.
Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Barclays lifted their price target on Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 3rd. Oppenheimer lifted their price target on Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a report on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average price target of $336.11.
In other Roper Technologies news, VP John K. Stipancich sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total value of $2,660,580.00. Following the completion of the sale, the vice president now owns 39,521 shares in the company, valued at $11,683,198.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher Wright sold 1,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $328.13, for a total value of $574,227.50. Following the completion of the sale, the director now owns 60,163 shares of the company’s stock, valued at approximately $19,741,285.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,500 shares of company stock valued at $8,115,760. 2.30% of the stock is owned by company insiders.
Roper Technologies Company 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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