Machina Capital S.A.S. Purchases New Holdings in Roper Technologies Inc (NYSE:ROP)

Machina Capital S.A.S. acquired a new position in shares of Roper Technologies Inc (NYSE:ROP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,404 shares of the industrial products company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cutler Group LP purchased a new stake in Roper Technologies in the fourth quarter valued at about $26,000. Berman Capital Advisors LLC purchased a new stake in Roper Technologies in the fourth quarter valued at about $26,000. Pinnacle Bank purchased a new position in shares of Roper Technologies in the fourth quarter worth about $26,000. Proficio Capital Partners LLC raised its stake in shares of Roper Technologies by 115.8% in the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth about $35,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.

NYSE ROP traded down $1.03 on Wednesday, reaching $350.26. 705,900 shares of the company were exchanged, compared to its average volume of 400,767. The firm has a market capitalization of $36.23 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21. 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 Inc has a fifty-two week low of $245.59 and a fifty-two week high of $353.69.

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, topping the Zacks’ consensus estimate of $3.13 by $0.09. The company had revenue of $1.38 billion for 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 firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. As a group, sell-side analysts forecast that Roper Technologies Inc will post 12.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a $0.4625 dividend. The ex-dividend date was Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 15.66%.

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note 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 cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price objective on the stock in a 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $336.11.

In other Roper Technologies news, Director Christopher Wright sold 1,750 shares of Roper Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $328.13, for a total value of $574,227.50. Following the sale, the director now owns 60,163 shares in the company, valued at $19,741,285.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman bought 500 shares of Roper Technologies stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $326.97 per share, for a total transaction of $163,485.00. Following the transaction, the director now directly owns 53,465 shares of the company’s stock, valued at $17,481,451.05. The disclosure for this purchase can be found here. Insiders sold 26,500 shares of company stock worth $8,115,760 in the last 90 days. Company insiders own 2.30% of the company’s stock.

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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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