Ropes Wealth Advisors LLC Lowers Holdings in Roper Technologies Inc (ROP)

Ropes Wealth Advisors LLC lowered its position in shares of Roper Technologies Inc (NYSE:ROP) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 8,679 shares of the industrial products company’s stock after selling 134 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Roper Technologies were worth $2,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Roper Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,266,186 shares of the industrial products company’s stock worth $3,337,157,000 after acquiring an additional 76,582 shares during the period. Vanguard Group Inc lifted its position in Roper Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock worth $3,337,157,000 after acquiring an additional 76,582 shares during the period. BlackRock Inc. lifted its position in Roper Technologies by 3.7% during the 4th quarter. BlackRock Inc. now owns 7,181,267 shares of the industrial products company’s stock worth $1,913,952,000 after acquiring an additional 255,881 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Roper Technologies by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,761,462 shares of the industrial products company’s stock worth $469,464,000 after acquiring an additional 113,539 shares during the period. Finally, Geode Capital Management LLC lifted its position in Roper Technologies by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after acquiring an additional 103,001 shares during the period. 92.49% of the stock is owned by institutional investors.

Shares of NYSE ROP traded up $0.18 during trading on Monday, reaching $351.44. 8,475 shares of the company traded hands, compared to its average volume of 390,368. The firm has a market capitalization of $36.39 billion, a P/E ratio of 29.74, a PEG ratio of 2.30 and a beta of 1.21. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $351.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 1.11.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $2.70 EPS. As a group, analysts forecast that Roper Technologies Inc will post 12.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid 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 dividend yield of 0.53%. Roper Technologies’s payout ratio is currently 15.66%.

In related news, VP John K. Stipancich sold 9,000 shares of Roper Technologies 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 transaction, the vice president now owns 39,521 shares in the company, valued at approximately $11,683,198.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $307.39, for a total value of $1,536,950.00. Following the completion of the transaction, the vice president now owns 26,637 shares of the company’s stock, valued at approximately $8,187,947.43. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $8,115,760 in the last quarter. Company insiders own 2.30% of the company’s stock.

A number of brokerages have commented on ROP. Barclays lifted their price target on Roper Technologies from $316.00 to $330.00 and gave the stock 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 stock an “outperform” rating in a research report on Tuesday, April 9th. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Tuesday, March 19th. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Wells Fargo & Co lifted their price target on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $336.11.

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

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