Citizens Financial Group Inc RI Increases Stock Position in Roper Technologies Inc (NYSE:ROP)

Citizens Financial Group Inc RI increased its position in shares of Roper Technologies Inc (NYSE:ROP) by 36.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 363 shares of the industrial products company’s stock after buying an additional 97 shares during the period. Citizens Financial Group Inc RI’s holdings in Roper Technologies were worth $113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CI Investments Inc. boosted its holdings in Roper Technologies by 8.6% during the fourth quarter. CI Investments Inc. now owns 579 shares of the industrial products company’s stock worth $205,000 after buying an additional 46 shares in the last quarter. Villere ST Denis J & Co. LLC boosted its holdings in Roper Technologies by 0.3% during the fourth quarter. Villere ST Denis J & Co. LLC now owns 224,164 shares of the industrial products company’s stock worth $79,405,000 after buying an additional 660 shares in the last quarter. Legacy Financial Strategies LLC boosted its holdings in Roper Technologies by 7.7% during the fourth quarter. Legacy Financial Strategies LLC now owns 2,518 shares of the industrial products company’s stock worth $892,000 after buying an additional 180 shares in the last quarter. US Bancorp DE boosted its holdings in Roper Technologies by 0.4% during the fourth quarter. US Bancorp DE now owns 36,768 shares of the industrial products company’s stock worth $13,024,000 after buying an additional 150 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in Roper Technologies by 39.1% during the fourth quarter. Wealthfront Advisers LLC now owns 3,347 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 941 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Christopher Wright sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $268.11, for a total transaction of $804,330.00. Following the completion of the sale, the director now directly owns 53,524 shares in the company, valued at $14,350,319.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John K. Stipancich sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the sale, the vice president now owns 38,044 shares of the company’s stock, valued at $14,076,280. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,500 shares of company stock worth $3,529,105. Insiders own 1.90% of the company’s stock.

Several equities analysts have issued reports on ROP shares. Wells Fargo & Co decreased their price objective on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Cowen increased their price objective on shares of Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Argus decreased their price objective on shares of Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays reaffirmed a “hold” rating and set a $340.00 price objective on shares of Roper Technologies in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $386.70.

NYSE:ROP opened at $367.06 on Friday. The company’s 50-day moving average price is $331.13 and its 200-day moving average price is $348.18. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market cap of $38.11 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03. Roper Technologies Inc has a twelve month low of $240.00 and a twelve month high of $395.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $3.30 earnings per share. On average, analysts expect that Roper Technologies Inc will post 12.14 earnings per share for the current year.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification 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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