Paloma Partners Management Co grew its holdings in Roper Technologies Inc (NYSE:ROP) by 304.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,922 shares of the industrial products company’s stock after purchasing an additional 11,237 shares during the period. Paloma Partners Management Co’s holdings in Roper Technologies were worth $3,865,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. HPM Partners LLC increased its stake in Roper Technologies by 5.0% in the fourth quarter. HPM Partners LLC now owns 6,781 shares of the industrial products company’s stock worth $1,756,000 after purchasing an additional 324 shares during the period. Guggenheim Capital LLC increased its stake in shares of Roper Technologies by 46.5% during the fourth quarter. Guggenheim Capital LLC now owns 209,350 shares of the industrial products company’s stock valued at $54,222,000 after buying an additional 66,416 shares during the period. Fred Alger Management Inc. increased its stake in shares of Roper Technologies by 17.9% during the fourth quarter. Fred Alger Management Inc. now owns 80,916 shares of the industrial products company’s stock valued at $20,957,000 after buying an additional 12,271 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Roper Technologies by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,777 shares of the industrial products company’s stock valued at $3,569,000 after buying an additional 462 shares during the period. Finally, Aristotle Atlantic Partners LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at $11,293,000. Institutional investors and hedge funds own 94.32% of the company’s stock.
Roper Technologies Inc (NYSE ROP) opened at $282.83 on Tuesday. Roper Technologies Inc has a 52 week low of $203.50 and a 52 week high of $290.42. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $29,309.66, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.
The business 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%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.59%.
Several equities analysts have recently commented on the company. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada raised their price target on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Citigroup restated an “outperform” rating and set a $335.00 price target (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Canaccord Genuity raised their price target on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and a consensus price target of $298.58.
In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the firm’s stock in a transaction dated 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 owns 1,448,575 shares of the company’s stock, valued at $376,093,527.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. Insiders sold 440,326 shares of company stock worth $120,612,905 in the last quarter. 2.50% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: “Roper Technologies Inc (ROP) Holdings Increased by Paloma Partners Management Co” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://sportsperspectives.com/2018/03/13/roper-technologies-inc-rop-holdings-increased-by-paloma-partners-management-co.html.
About Roper Technologies
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.
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).
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.