Waratah Capital Advisors Ltd. decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 4.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 85,805 shares of the industrial products company’s stock after selling 3,740 shares during the period. Roper Technologies comprises approximately 0.5% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 21st largest position. Waratah Capital Advisors Ltd.’s holdings in Roper Technologies were worth $40,520,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter worth approximately $438,274,000. American Century Companies Inc. grew its position in shares of Roper Technologies by 2,447.1% in the 4th quarter. American Century Companies Inc. now owns 727,624 shares of the industrial products company’s stock worth $357,889,000 after buying an additional 699,057 shares during the last quarter. Flossbach Von Storch AG boosted its stake in Roper Technologies by 16.8% in the 4th quarter. Flossbach Von Storch AG now owns 1,152,177 shares of the industrial products company’s stock worth $566,710,000 after purchasing an additional 165,667 shares in the last quarter. TD Asset Management Inc. boosted its stake in Roper Technologies by 79.4% in the 4th quarter. TD Asset Management Inc. now owns 367,628 shares of the industrial products company’s stock worth $180,822,000 after purchasing an additional 162,740 shares in the last quarter. Finally, Pictet Asset Management SA boosted its stake in Roper Technologies by 15.7% in the 4th quarter. Pictet Asset Management SA now owns 1,001,952 shares of the industrial products company’s stock worth $492,820,000 after purchasing an additional 136,317 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.
Roper Technologies Price Performance
NYSE ROP traded up $1.07 on Friday, hitting $431.92. The company had a trading volume of 310,051 shares, compared to its average volume of 442,784. The company has a market capitalization of $45.79 billion, a PE ratio of 16.07, a PEG ratio of 3.01 and a beta of 1.04. The company’s fifty day moving average price is $406.82 and its 200-day moving average price is $434.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 1.55. Roper Technologies, Inc. has a 12-month low of $369.51 and a 12-month high of $505.00.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, July 7th. Roper Technologies’s payout ratio is 9.23%.
Insider Transactions at Roper Technologies
In related news, Director Robert D. Johnson sold 250 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total value of $110,922.50. Following the completion of the sale, the director now owns 5,869 shares of the company’s stock, valued at $2,604,016.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on ROP shares. Robert W. Baird lowered their target price on shares of Roper Technologies from $480.00 to $460.00 in a research note on Tuesday, July 26th. StockNews.com cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. Oppenheimer set a $500.00 price objective on shares of Roper Technologies in a research note on Monday, June 20th. Cowen decreased their price objective on shares of Roper Technologies from $545.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Finally, TheStreet cut shares of Roper Technologies from a “b” rating to a “c+” rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $481.73.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.
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