Roper Technologies Inc (ROP) Stake Raised by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. lifted its position in Roper Technologies Inc (NYSE:ROP) by 10.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,245 shares of the industrial products company’s stock after purchasing an additional 1,771 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Roper Technologies were worth $4,983,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $117,000. Icon Wealth Partners LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $155,000. Stephens Inc. AR lifted its holdings 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 holdings 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. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $180,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
In other Roper Technologies news, CEO Brian D. Jellison sold 37,220 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $277.01, for a total transaction of $10,310,312.20. Following the transaction, the chief executive officer now directly owns 1,459,892 shares in the company, valued at $404,404,682.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total transaction of $141,995.00. The disclosure for this sale can be found here. Insiders have sold 358,826 shares of company stock worth $99,453,060 over the last quarter. Company insiders own 2.50% of the company’s stock.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.09. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. Roper Technologies’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. analysts anticipate that Roper Technologies Inc will post 11.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.
ROP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Cowen reissued a “buy” rating and issued a $310.00 price target on shares of Roper Technologies in a report on Tuesday, March 6th. Wells Fargo set a $310.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada increased their price target on shares of Roper Technologies to $319.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $298.58.
Roper Technologies 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.
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