Montecito Bank & Trust trimmed its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,790 shares of the industrial products company’s stock after selling 56 shares during the quarter. Montecito Bank & Trust’s holdings in Roper Technologies were worth $477,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. AGF Investments Inc. increased its holdings in Roper Technologies by 11.7% in the 3rd quarter. AGF Investments Inc. now owns 17,097 shares of the industrial products company’s stock valued at $5,064,000 after buying an additional 1,795 shares during the period. Congress Asset Management Co. MA increased its holdings in Roper Technologies by 0.9% in the 4th quarter. Congress Asset Management Co. MA now owns 191,784 shares of the industrial products company’s stock valued at $51,114,000 after buying an additional 1,802 shares during the period. CENTRAL TRUST Co increased its holdings in Roper Technologies by 5.3% in the 4th quarter. CENTRAL TRUST Co now owns 3,964 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 200 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Roper Technologies by 1.1% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 55,580 shares of the industrial products company’s stock valued at $16,268,000 after buying an additional 580 shares during the period. Finally, Aviva PLC increased its holdings in Roper Technologies by 43.5% in the 3rd quarter. Aviva PLC now owns 72,645 shares of the industrial products company’s stock valued at $21,518,000 after buying an additional 22,031 shares during the period. 94.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Roper Technologies stock opened at $301.25 on Tuesday. The company has a market cap of $31.16 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 1.11. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $312.65.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.09. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 EPS. Equities research analysts forecast that Roper Technologies Inc will post 12.18 EPS for the current year.

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 sale, the vice president now directly owns 39,521 shares in the company, valued at approximately $11,683,198.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Knowling, Jr. sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $286.07, for a total transaction of $286,070.00. Following the sale, the director now owns 13,038 shares in the company, valued at $3,729,780.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,350 shares of company stock worth $3,349,955. 2.30% of the stock is owned by corporate insiders.

Several research firms have commented on ROP. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Robert W. Baird raised their target price on shares of Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Barclays decreased their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, Stephens began coverage on shares of Roper Technologies in a report on Monday, November 19th. They set an “overweight” rating and a $333.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $321.25.

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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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