Waratah Capital Advisors Ltd. Trims Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Waratah Capital Advisors Ltd. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROPGet Rating) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,805 shares of the industrial products company’s stock after selling 3,740 shares during the period. Roper Technologies makes up 0.5% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 21st biggest holding. Waratah Capital Advisors Ltd. owned approximately 0.08% of Roper Technologies worth $40,520,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Roper Technologies by 175.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 55 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 35 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Roper Technologies in the first quarter worth $28,000. Curi Wealth Management LLC lifted its stake in Roper Technologies by 1,625.0% in the first quarter. Curi Wealth Management LLC now owns 69 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 65 shares during the last quarter. Quent Capital LLC bought a new stake in Roper Technologies in the fourth quarter worth $44,000. Finally, MUFG Americas Holdings Corp lifted its stake in Roper Technologies by 77.2% in the fourth quarter. MUFG Americas Holdings Corp now owns 101 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 44 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

In related news, Director Robert D. Johnson sold 250 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total transaction of $110,922.50. Following the transaction, the director now owns 5,869 shares in the company, valued at $2,604,016.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. Robert W. Baird decreased their price objective on shares of Roper Technologies from $480.00 to $460.00 in a research report on Tuesday, July 26th. The Goldman Sachs Group decreased their price objective on shares of Roper Technologies from $540.00 to $412.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. TheStreet cut shares of Roper Technologies from a “b” rating to a “c+” rating in a research report on Friday, July 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Roper Technologies from $545.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $481.73.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP traded up $1.07 during midday trading on Friday, hitting $431.92. The stock had a trading volume of 310,051 shares, compared to its average volume of 442,784. The business’s 50 day moving average is $406.82 and its 200-day moving average is $434.95. The company has a market cap of $45.79 billion, a P/E ratio of 16.07, a PEG ratio of 3.01 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $369.51 and a 52 week high of $505.00. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 0.48.

Roper Technologies (NYSE:ROPGet Rating) last issued its earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.12. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.54 billion. Roper Technologies had a net margin of 49.32% and a return on equity of 12.83%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.76 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 13.61 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, July 7th. This represents a $2.48 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is 9.23%.

Roper Technologies Profile

(Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

Read More

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.