Roper Technologies Inc (ROP) Stake Lowered by Picton Mahoney Asset Management

Picton Mahoney Asset Management lowered its holdings in Roper Technologies Inc (NYSE:ROP) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,212 shares of the industrial products company’s stock after selling 3,240 shares during the period. Roper Technologies accounts for 1.2% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 28th biggest position. Picton Mahoney Asset Management’s holdings in Roper Technologies were worth $15,803,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Cutler Group LP bought a new position in Roper Technologies during the 4th quarter valued at $26,000. Berman Capital Advisors LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. Pinnacle Bank purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Roper Technologies in the first quarter valued at $27,000. Finally, Proficio Capital Partners LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 66 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ROP traded up $0.03 during mid-day trading on Wednesday, reaching $353.00. The company had a trading volume of 1,000 shares, compared to its average volume of 404,261. Roper Technologies Inc has a twelve month low of $245.59 and a twelve month high of $363.85. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $37.40 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $2.61 earnings per share. Roper Technologies’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts predict that Roper Technologies Inc will post 12.88 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 dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, April 5th. Roper Technologies’s payout ratio is 15.66%.

ROP has been the subject of a number of research analyst reports. Argus increased their target price on Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Tuesday, March 19th. Barclays upped their price target on shares of Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 3rd. Finally, Robert W. Baird upped their price target on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $349.90.

In other Roper Technologies news, Director Christopher Wright sold 1,750 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $328.13, for a total transaction of $574,227.50. Following the transaction, the director now directly owns 60,163 shares of the company’s stock, valued at $19,741,285.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jason Conley sold 5,000 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $307.39, for a total transaction of $1,536,950.00. Following the transaction, the vice president now directly owns 26,637 shares in the company, valued at $8,187,947.43. The disclosure for this sale can be found here. Insiders have sold 17,500 shares of company stock worth $5,455,180 over the last three months. 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.

See Also: Intrinsic Value

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

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