Roper Technologies Inc (NYSE:ROP) Shares Bought by Three Peaks Capital Management LLC

Three Peaks Capital Management LLC boosted its position in shares of Roper Technologies Inc (NYSE:ROP) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,653 shares of the industrial products company’s stock after buying an additional 1,325 shares during the quarter. Three Peaks Capital Management LLC’s holdings in Roper Technologies were worth $4,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of Roper Technologies by 7.3% in the fourth quarter. IFP Advisors Inc now owns 694 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 47 shares during the period. OLD National Bancorp IN grew its position in shares of Roper Technologies by 1.1% in the fourth quarter. OLD National Bancorp IN now owns 5,700 shares of the industrial products company’s stock valued at $2,019,000 after purchasing an additional 60 shares during the period. Fenimore Asset Management Inc. grew its position in shares of Roper Technologies by 109.6% in the fourth quarter. Fenimore Asset Management Inc. now owns 21,035 shares of the industrial products company’s stock valued at $7,451,000 after purchasing an additional 11,000 shares during the period. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $291,000. Finally, Red Spruce Capital LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $440,000. Institutional investors own 92.46% of the company’s stock.

In related news, CFO Robert Crisci sold 4,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $350.61, for a total value of $1,402,440.00. Following the completion of the sale, the chief financial officer now owns 29,245 shares in the company, valued at approximately $10,253,589.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $360.33, for a total transaction of $180,165.00. Following the completion of the sale, the director now owns 8,580 shares of the company’s stock, valued at approximately $3,091,631.40. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $4,439,435 over the last three months. Insiders own 1.90% of the company’s stock.

Several analysts have recently issued reports on the stock. Royal Bank of Canada set a $383.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Cowen reiterated an “outperform” rating and issued a $400.00 target price (up previously from $375.00) on shares of Roper Technologies in a research report on Tuesday, December 17th. Finally, Stephens set a $386.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $375.55.

ROP traded up $2.25 on Friday, reaching $377.95. 5,422 shares of the company’s stock were exchanged, compared to its average volume of 446,116. The stock has a market cap of $39.30 billion, a PE ratio of 32.09, a P/E/G ratio of 2.50 and a beta of 1.12. Roper Technologies Inc has a twelve month low of $270.54 and a twelve month high of $385.51. The stock’s fifty day moving average price is $357.04 and its 200-day moving average price is $356.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.94.

Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, October 24th. The industrial products company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.10. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $3.09 earnings per share. Roper Technologies’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies Inc will post 13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.512 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.46. This represents a $2.05 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is 17.36%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

See Also: Diluted Earnings Per Share

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

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