Price Capital Management Inc. Takes $598,000 Position in Roper Technologies Inc (ROP)
Price Capital Management Inc. bought a new position in Roper Technologies Inc (NYSE:ROP) during the 4th quarter, HoldingsChannel reports. The fund bought 2,308 shares of the industrial products company’s stock, valued at approximately $598,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $117,000. Stephens Inc. AR lifted its stake in shares of Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after buying an additional 350 shares in the last quarter. Zions Bancorporation lifted its stake in shares of Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after buying an additional 657 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $211,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Roper Technologies in the second quarter worth approximately $190,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.
In other Roper Technologies news, CEO Brian D. Jellison sold 29,606 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $277.03, for a total transaction of $8,201,750.18. Following the completion of the sale, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at $433,490,449.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert D. Johnson sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the sale, the director now directly owns 9,700 shares of the company’s stock, valued at $2,522,291. The disclosure for this sale can be found here. Insiders have sold 439,526 shares of company stock valued at $120,362,826 over the last three months. 2.50% of the stock is owned by corporate insiders.
Roper Technologies Inc (ROP) opened at $261.53 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. Roper Technologies Inc has a twelve month low of $194.03 and a twelve month high of $290.42. The firm has a market cap of $26,552.75, a P/E ratio of 27.88, a PEG ratio of 1.90 and a beta of 1.08.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. analysts anticipate that Roper Technologies Inc will post 11.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 0.63%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. Roper Technologies’s payout ratio is presently 17.59%.
WARNING: This piece of content was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/price-capital-management-inc-takes-598000-position-in-roper-technologies-inc-rop/1857184.html.
Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (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.