First National Bank of Omaha Sells 342 Shares of Roper Technologies Inc (ROP)

First National Bank of Omaha decreased its holdings in Roper Technologies Inc (NYSE:ROP) by 1.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,745 shares of the industrial products company’s stock after selling 342 shares during the period. First National Bank of Omaha’s holdings in Roper Technologies were worth $6,069,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc increased its position in shares of 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 purchasing an additional 76,582 shares in the last quarter. BlackRock Inc. increased its position in shares of 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 purchasing an additional 255,881 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Roper Technologies by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,761,462 shares of the industrial products company’s stock valued at $469,464,000 after acquiring an additional 113,539 shares in the last quarter. Geode Capital Management LLC increased its position in Roper Technologies by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock valued at $358,725,000 after acquiring an additional 103,001 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Roper Technologies by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after acquiring an additional 134,469 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

In related news, VP John K. Stipancich sold 9,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the transaction, the vice president now owns 39,521 shares of the company’s stock, valued at approximately $11,683,198.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 1,750 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The stock was 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 in the company, valued at approximately $19,741,285.19. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $8,115,760 in the last ninety days. Insiders own 2.30% of the company’s stock.

Several research firms have weighed in on ROP. Stephens raised their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a research report on Tuesday. Argus raised their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Raymond James raised their price objective on shares of Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Oppenheimer raised their price objective on shares of Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, Barclays raised their price objective on shares of Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $349.90.

Shares of NYSE ROP opened at $357.62 on Friday. The stock has a market capitalization of $37.27 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. 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.

Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.52. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 EPS. Analysts expect 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. Stockholders of record on Monday, April 8th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, April 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.

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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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