Davis R M Inc. Has $47.90 Million Stake in Roper Technologies Inc (ROP)

Davis R M Inc. reduced its position in Roper Technologies Inc (NYSE:ROP) by 5.4% in the first quarter, HoldingsChannel.com reports. The fund owned 140,065 shares of the industrial products company’s stock after selling 8,022 shares during the quarter. Roper Technologies makes up about 1.8% of Davis R M Inc.’s holdings, making the stock its 10th biggest holding. Davis R M Inc.’s holdings in Roper Technologies were worth $47,898,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Roper Technologies by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after purchasing an additional 134,469 shares during the last quarter. Standard Life Aberdeen plc lifted its position in Roper Technologies by 13.1% during the third quarter. Standard Life Aberdeen plc now owns 31,642 shares of the industrial products company’s stock valued at $9,375,000 after purchasing an additional 3,656 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Roper Technologies during the third quarter valued at approximately $9,064,000. Man Group plc lifted its holdings in shares of Roper Technologies by 95.2% in the 3rd quarter. Man Group plc now owns 19,524 shares of the industrial products company’s stock worth $5,784,000 after acquiring an additional 9,522 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Roper Technologies by 8.6% in the 3rd quarter. AQR Capital Management LLC now owns 37,322 shares of the industrial products company’s stock worth $11,055,000 after acquiring an additional 2,945 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Shares of ROP traded up $3.30 during mid-day trading on Monday, reaching $355.78. The company’s stock had a trading volume of 151,780 shares, compared to its average volume of 401,998. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 1.10. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $363.85.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $2.61 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that Roper Technologies Inc will post 12.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, April 5th. Roper Technologies’s payout ratio is 15.66%.

In related news, VP John K. Stipancich sold 9,000 shares of Roper Technologies stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total value of $2,660,580.00. Following the transaction, the vice president now directly owns 39,521 shares of the company’s stock, valued at $11,683,198.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $307.39, for a total transaction of $1,536,950.00. Following the completion of the transaction, the vice president now directly owns 26,637 shares in the company, valued at $8,187,947.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,500 shares of company stock worth $8,115,760. 2.30% of the stock is owned by insiders.

ROP has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Roper Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a report on Monday, February 4th. Wells Fargo & Co boosted their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a report on Monday, February 4th. Finally, Barclays boosted their price objective on shares of Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $343.00.

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Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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

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