Commerce Bank Cuts Holdings in Roper Technologies Inc (ROP)

Commerce Bank decreased its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,601 shares of the industrial products company’s stock after selling 353 shares during the quarter. Commerce Bank’s holdings in Roper Technologies were worth $1,955,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ROP. Vaughan Nelson Investment Management L.P. acquired a new stake in Roper Technologies during the 2nd quarter valued at $70,394,000. Point72 Asset Management L.P. lifted its holdings in Roper Technologies by 949.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 157,454 shares of the industrial products company’s stock valued at $43,443,000 after purchasing an additional 142,454 shares during the last quarter. Marshall Wace LLP lifted its holdings in Roper Technologies by 1,234.4% during the 2nd quarter. Marshall Wace LLP now owns 131,637 shares of the industrial products company’s stock valued at $36,320,000 after purchasing an additional 121,772 shares during the last quarter. Morgan Stanley lifted its holdings in Roper Technologies by 26.2% during the 2nd quarter. Morgan Stanley now owns 383,689 shares of the industrial products company’s stock valued at $105,864,000 after purchasing an additional 79,577 shares during the last quarter. Finally, Scopus Asset Management L.P. lifted its holdings in Roper Technologies by 192.4% during the 2nd quarter. Scopus Asset Management L.P. now owns 100,000 shares of the industrial products company’s stock valued at $27,591,000 after purchasing an additional 65,800 shares during the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.

ROP has been the subject of several research reports. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Argus lifted their target price on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price for the company in a report on Monday, July 30th. Barclays dropped their target price on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Finally, Cowen reissued a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a report on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $317.82.

In related news, Director Richard F. Wallman purchased 500 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $312.35 per share, with a total value of $156,175.00. Following the completion of the purchase, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

ROP opened at $296.53 on Friday. Roper Technologies Inc has a fifty-two week low of $252.23 and a fifty-two week high of $312.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.66. The firm has a market cap of $29.96 billion, a PE ratio of 31.48, a PEG ratio of 2.00 and a beta of 1.14.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts predict that Roper Technologies Inc will post 11.72 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 8th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, October 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.

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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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