Hills Bank & Trust Co. Acquires New Stake in Roper Technologies Inc (ROP)

Hills Bank & Trust Co. bought a new position in shares of Roper Technologies Inc (NYSE:ROP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,197 shares of the industrial products company’s stock, valued at approximately $409,000.

Other institutional investors have also modified their holdings of the company. Cutler Group LP purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $26,000. Berman Capital Advisors LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $26,000. Pinnacle Bank purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $26,000. Proficio Capital Partners LLC increased its position in shares of Roper Technologies by 115.8% in the 4th 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 during the last quarter. Finally, We Are One Seven LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $35,000. 92.49% of the stock is owned by hedge funds and other institutional investors.

ROP opened at $352.44 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $363.85. The company has a market capitalization of $37.40 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.27 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.52. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. Roper Technologies’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 earnings per share. As a group, equities research analysts anticipate that Roper Technologies Inc will post 12.88 EPS for the current year.

The firm also recently declared 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. The ex-dividend date was Friday, April 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.

Several research analysts have recently issued reports on the stock. Stephens upped their target price on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Raymond James increased their price target on shares of Roper Technologies from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Argus raised their target price on shares of Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays raised their target price 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, Oppenheimer increased their price target on shares of Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $349.90.

In related news, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $326.11, for a total value of $244,582.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wilbur J. Prezzano sold 6,000 shares of Roper Technologies stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the completion of the sale, the director now owns 20,206 shares of the company’s stock, valued at approximately $6,296,391.66. The disclosure for this sale can be found here. Insiders have sold 17,500 shares of company stock worth $5,455,180 in the last quarter. Insiders own 2.30% of the company’s stock.

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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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