Janus Henderson Group PLC Sells 310,873 Shares of Roper Technologies Inc (ROP)

Janus Henderson Group PLC reduced its holdings in Roper Technologies Inc (NYSE:ROP) by 34.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 598,904 shares of the industrial products company’s stock after selling 310,873 shares during the period. Janus Henderson Group PLC owned approximately 0.59% of Roper Technologies worth $145,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Caxton Associates LP purchased a new position in shares of Roper Technologies in the 3rd quarter worth $389,000. Jane Street Group LLC grew its stake in shares of Roper Technologies by 9.3% in the 3rd quarter. Jane Street Group LLC now owns 7,710 shares of the industrial products company’s stock worth $1,877,000 after buying an additional 658 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of Roper Technologies by 13.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 202,108 shares of the industrial products company’s stock worth $49,195,000 after buying an additional 23,570 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Roper Technologies by 17.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,067 shares of the industrial products company’s stock worth $4,397,000 after acquiring an additional 2,681 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Roper Technologies by 4.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 150,186 shares of the industrial products company’s stock worth $36,556,000 after acquiring an additional 5,901 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Shares of Roper Technologies Inc (ROP) traded down $4.12 on Tuesday, reaching $256.46. 649,800 shares of the company were exchanged, compared to its average volume of 426,644. Roper Technologies Inc has a one year low of $182.03 and a one year high of $267.83. The company has a market cap of $26,673.54, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $1.65 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. equities analysts predict that Roper Technologies Inc will post 9.31 EPS for the current year.

Several equities research analysts have recently issued reports on ROP shares. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a report on Monday, October 2nd. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Cowen restated a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Oppenheimer raised their target price on shares of Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $253.67.

In related news, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the sale, the director now owns 64,450 shares in the company, valued at approximately $16,669,348. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the sale, the vice president now owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The disclosure for this sale can be found here. Insiders have sold a total of 11,450 shares of company stock valued at $2,875,206 in the last quarter. 2.50% of the stock is currently owned by company insiders.

WARNING: “Janus Henderson Group PLC Sells 310,873 Shares of Roper Technologies Inc (ROP)” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/12/12/janus-henderson-group-plc-sells-310873-shares-of-roper-technologies-inc-rop.html.

Roper Technologies Company Profile

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply