Roper Technologies, Inc. (NYSE:ROP) Shares Bought by CIBC World Markets Inc.

CIBC World Markets Inc. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 29.8% during the 1st quarter, HoldingsChannel reports. The firm owned 6,236 shares of the industrial products company’s stock after buying an additional 1,431 shares during the period. CIBC World Markets Inc.’s holdings in Roper Technologies were worth $2,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in Roper Technologies by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,785,311 shares of the industrial products company’s stock worth $5,511,619,000 after purchasing an additional 1,207,254 shares during the last quarter. BlackRock Inc. boosted its stake in Roper Technologies by 5.3% during the 1st quarter. BlackRock Inc. now owns 7,710,577 shares of the industrial products company’s stock worth $3,109,983,000 after purchasing an additional 386,659 shares during the last quarter. FMR LLC boosted its stake in Roper Technologies by 10.8% during the 4th quarter. FMR LLC now owns 3,063,991 shares of the industrial products company’s stock worth $1,320,856,000 after purchasing an additional 298,628 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Roper Technologies by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,855,991 shares of the industrial products company’s stock valued at $748,595,000 after acquiring an additional 26,636 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Roper Technologies by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 1,712,101 shares of the industrial products company’s stock valued at $690,559,000 after acquiring an additional 126,169 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

Shares of ROP opened at $453.67 on Friday. The stock has a market cap of $47.74 billion, a price-to-earnings ratio of 48.11, a P/E/G ratio of 2.83 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $362.90 and a 12-month high of $455.72. The firm has a 50-day moving average of $436.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.71.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.28. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Roper Technologies had a net margin of 17.50% and a return on equity of 13.61%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.05 earnings per share. As a group, research analysts anticipate that Roper Technologies, Inc. will post 14.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Monday, April 5th were given a dividend of $0.563 per share. The ex-dividend date of this dividend was Thursday, April 1st. This is an increase from Roper Technologies’s previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.50%. Roper Technologies’s payout ratio is currently 17.66%.

Several research analysts have recently weighed in on the stock. Argus boosted their price target on shares of Roper Technologies from $440.00 to $490.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $486.00 to $499.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Barclays boosted their price target on shares of Roper Technologies from $445.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Finally, Oppenheimer boosted their price target on shares of Roper Technologies from $460.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, April 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Roper Technologies has an average rating of “Hold” and an average target price of $447.67.

In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $454.30, for a total value of $227,150.00. Following the completion of the transaction, the director now directly owns 6,537 shares of the company’s stock, valued at $2,969,759.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Crisci sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $422.83, for a total value of $2,536,980.00. Following the completion of the transaction, the chief financial officer now directly owns 41,287 shares of the company’s stock, valued at $17,457,382.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock valued at $5,014,130. Corporate insiders own 0.80% of the company’s stock.

Roper Technologies Company Profile

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

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

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