F3Logic LLC Takes $1.60 Million Position in Roper Technologies Inc (ROP)
F3Logic LLC acquired a new stake in Roper Technologies Inc (NYSE:ROP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,693 shares of the industrial products company’s stock, valued at approximately $1,595,000.
Several other large investors have also made changes to their positions in ROP. Cutler Group LP acquired a new position in Roper Technologies during the 4th quarter worth approximately $26,000. Berman Capital Advisors LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $26,000. Pinnacle Bank acquired a new position in Roper Technologies during the 4th quarter worth approximately $26,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Roper Technologies during the 1st quarter worth approximately $27,000. Finally, Proficio Capital Partners LLC raised its stake in Roper Technologies by 115.8% during the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after buying an additional 66 shares during the period. 92.29% of the stock is currently owned by institutional investors.
ROP has been the topic of a number of research reports. Barclays upped their price target on Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 3rd. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Tuesday, March 19th. Wells Fargo & Co upped their price target on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Finally, Argus upped their price target on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $349.90.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.78 by $0.52. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 earnings per share. As a group, research analysts anticipate that Roper Technologies Inc will post 12.89 EPS for the current year.
The business also recently disclosed 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 0.53%. The ex-dividend date was Friday, April 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.
In other news, Director Wilbur J. Prezzano sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $311.61, for a total value of $1,869,660.00. Following the completion of the transaction, the director now directly owns 20,206 shares of the company’s stock, valued at $6,296,391.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman bought 500 shares of Roper Technologies stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $326.97 per share, with a total value of $163,485.00. Following the completion of the acquisition, the director now owns 53,465 shares of the company’s stock, valued at $17,481,451.05. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,500 shares of company stock valued at $2,688,470. Company insiders own 2.30% of the company’s stock.
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About Roper Technologies
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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