Sigma Investment Counselors Inc. cut its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,211 shares of the industrial products company’s stock after selling 254 shares during the period. Roper Technologies comprises approximately 0.6% of Sigma Investment Counselors Inc.’s holdings, making the stock its 27th largest holding. Sigma Investment Counselors Inc.’s holdings in Roper Technologies were worth $4,717,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LS Investment Advisors LLC raised its holdings in shares of Roper Technologies by 6.2% in the 3rd quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after purchasing an additional 499 shares during the period. Broadleaf Partners LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $3,165,000. California Public Employees Retirement System raised its holdings in shares of Roper Technologies by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock valued at $60,190,000 after purchasing an additional 12,087 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Roper Technologies by 2.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 73,606 shares of the industrial products company’s stock valued at $17,766,000 after purchasing an additional 1,535 shares during the period. Finally, FDx Advisors Inc. raised its holdings in shares of Roper Technologies by 4.3% in the 3rd quarter. FDx Advisors Inc. now owns 10,251 shares of the industrial products company’s stock valued at $2,495,000 after purchasing an additional 424 shares during the period. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Robert D. Johnson sold 1,200 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the transaction, the director now owns 9,700 shares in the company, valued at approximately $2,522,291. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian D. Jellison sold 215,411 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the completion of the transaction, the chief executive officer now owns 1,564,778 shares in the company, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,526 shares of company stock worth $120,362,826. 2.50% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on ROP. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 target price on the stock in a report on Monday, January 22nd. Oppenheimer upped their target price on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Citigroup reaffirmed an “outperform” rating and issued a $335.00 target price (up from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Canaccord Genuity upped their target price on shares of Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average target price of $285.38.

Roper Technologies Inc (NYSE:ROP) opened at $270.12 on Tuesday. Roper Technologies Inc has a 52 week low of $203.50 and a 52 week high of $290.42. The company has a market cap of $26,770.79, a PE ratio of 27.79, a P/E/G ratio of 1.91 and a beta of 1.08. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Zacks’ 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $1.86 EPS. Roper Technologies’s quarterly revenue was up 21.2% on a year-over-year basis. equities analysts forecast that Roper Technologies Inc will post 11.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a $0.4125 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a yield of 0.61%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio is 17.59%.

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About Roper Technologies

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

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