Roper Technologies, Inc. (ROP) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,465 shares of the industrial products company’s stock after selling 304 shares during the period. Roper Technologies comprises approximately 0.6% of Sigma Investment Counselors Inc.’s holdings, making the stock its 26th largest position. Sigma Investment Counselors Inc.’s holdings in Roper Technologies were worth $4,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ardevora Asset Management LLP grew its position in Roper Technologies by 2.8% during the third quarter. Ardevora Asset Management LLP now owns 163,200 shares of the industrial products company’s stock valued at $39,723,000 after purchasing an additional 4,400 shares in the last quarter. Teacher Retirement System of Texas grew its position in Roper Technologies by 10.9% during the third quarter. Teacher Retirement System of Texas now owns 58,124 shares of the industrial products company’s stock valued at $14,147,000 after purchasing an additional 5,729 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Roper Technologies by 36.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 49,554 shares of the industrial products company’s stock valued at $12,061,000 after purchasing an additional 13,150 shares in the last quarter. Toronto Dominion Bank grew its position in Roper Technologies by 13.2% during the third quarter. Toronto Dominion Bank now owns 39,789 shares of the industrial products company’s stock valued at $9,684,000 after purchasing an additional 4,645 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Roper Technologies by 2.4% during the third quarter. CIBC Asset Management Inc now owns 9,584 shares of the industrial products company’s stock valued at $2,333,000 after purchasing an additional 224 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Roper Technologies, Inc. (ROP) traded down $2.16 during trading on Tuesday, hitting $256.04. 443,700 shares of the stock were exchanged, compared to its average volume of 432,284. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies, Inc. has a twelve month low of $178.19 and a twelve month high of $261.37. The firm has a market capitalization of $26,060.00, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s payout ratio is 20.35%.

In other news, Director Christopher Wright sold 250 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the sale, the director now directly owns 64,450 shares in the company, valued at $16,669,348. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the completion of the sale, the vice president now owns 14,571 shares of the company’s stock, valued at $3,569,895. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock valued at $2,681,690 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

A number of research analysts recently commented on the stock. Oppenheimer Holdings, Inc. boosted their price objective on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Cowen and Company reaffirmed a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $253.67.

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Roper Technologies Profile

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

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