Fmr LLC Sells 33,498 Shares of Roper Technologies Inc (ROP)

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Fmr LLC cut its stake in shares of Roper Technologies Inc (NYSE:ROP) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 886,896 shares of the industrial products company’s stock after selling 33,498 shares during the quarter. Fmr LLC owned approximately 0.86% of Roper Technologies worth $244,704,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Summit Global Investments bought a new position in Roper Technologies in the 2nd quarter worth approximately $7,470,000. Great West Life Assurance Co. Can grew its holdings in Roper Technologies by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 73,647 shares of the industrial products company’s stock worth $20,321,000 after buying an additional 197 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Roper Technologies by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 264,850 shares of the industrial products company’s stock worth $73,066,000 after buying an additional 1,143 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Roper Technologies in the 2nd quarter worth approximately $263,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Roper Technologies by 11.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,334 shares of the industrial products company’s stock worth $16,923,000 after buying an additional 6,115 shares in the last quarter. 92.38% of the stock is owned by institutional investors.

In related news, Director Richard F. Wallman acquired 500 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was bought at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the transaction, the director now owns 52,965 shares of the company’s stock, valued at $16,543,617.75. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

ROP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reaffirmed a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Barclays decreased their price target on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, Raymond James lowered Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $317.82.

Shares of NYSE ROP opened at $282.90 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.66. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.92 and a beta of 1.11. Roper Technologies Inc has a 1 year low of $252.23 and a 1 year high of $312.65.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $2.36 EPS. Equities research analysts forecast that Roper Technologies Inc will post 11.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 8th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 4th. Roper Technologies’s payout ratio is currently 17.52%.

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

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