Maple Capital Management Inc. reduced its position in Roper Technologies Inc (NYSE:ROP) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,103 shares of the industrial products company’s stock after selling 242 shares during the period. Roper Technologies accounts for approximately 2.4% of Maple Capital Management Inc.’s portfolio, making the stock its 13th largest holding. Maple Capital Management Inc.’s holdings in Roper Technologies were worth $9,351,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Roper Technologies in the 4th quarter valued at about $117,000. Icon Wealth Partners LLC bought a new stake in Roper Technologies in the 4th quarter valued at about $155,000. Stephens Inc. AR raised its stake in Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 350 shares during the period. Zions Bancorporation raised its stake in Roper Technologies by 3,457.9% in the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 657 shares during the period. Finally, Trustcore Financial Services LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 94.32% of the company’s stock.
ROP has been the topic of several analyst reports. Wells Fargo & Co set a $310.00 price target on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research report on Monday, February 5th. Royal Bank of Canada upped their price target on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Canaccord Genuity upped their price target on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $298.58.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.09. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. Roper Technologies’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. research analysts forecast that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 6th. Roper Technologies’s dividend payout ratio is currently 17.59%.
In other Roper Technologies news, CEO Brian D. Jellison sold 37,220 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $277.01, for a total value of $10,310,312.20. Following the completion of the sale, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at $404,404,682.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,326 shares of company stock valued at $120,612,905. 2.50% of the stock is owned by insiders.
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Roper Technologies Company 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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