Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 781,119 shares of the industrial products company’s stock after buying an additional 5,568 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Roper Technologies were worth $315,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. OLD Mission Capital LLC raised its holdings in Roper Technologies by 111.0% during the third quarter. OLD Mission Capital LLC now owns 14,161 shares of the industrial products company’s stock worth $5,595,000 after purchasing an additional 7,449 shares during the last quarter. Wade G W & Inc. acquired a new position in Roper Technologies during the fourth quarter worth $235,000. CIBC Asset Management Inc raised its holdings in Roper Technologies by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 18,885 shares of the industrial products company’s stock worth $8,141,000 after purchasing an additional 802 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Roper Technologies by 11.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,109 shares of the industrial products company’s stock worth $1,771,000 after purchasing an additional 429 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Roper Technologies by 1.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,188 shares of the industrial products company’s stock worth $2,236,000 after purchasing an additional 84 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ROP traded up $2.22 during midday trading on Friday, reaching $455.89. The company’s stock had a trading volume of 1,648 shares, compared to its average volume of 537,037. The firm has a market cap of $47.98 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.03. 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, Inc. has a 1 year low of $362.90 and a 1 year high of $455.72. The company’s 50 day moving average is $436.98.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Monday, April 5th were paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Thursday, April 1st. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. Roper Technologies’s payout ratio is currently 17.66%.

In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $454.30, for a total value of $227,150.00. Following the transaction, the director now owns 6,537 shares in the company, valued at $2,969,759.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert Crisci sold 6,000 shares of the business’s stock in a transaction dated Monday, April 19th. The stock was 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 owns 41,287 shares in the company, valued at approximately $17,457,382.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,500 shares of company stock worth $5,014,130. 0.80% of the stock is currently owned by insiders.

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

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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