Peddock Capital Advisors LLC Lowers Stock Position in Roper Technologies Inc (NYSE:ROP)

Peddock Capital Advisors LLC cut its position in shares of Roper Technologies Inc (NYSE:ROP) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,875 shares of the industrial products company’s stock after selling 335 shares during the period. Roper Technologies accounts for 1.0% of Peddock Capital Advisors LLC’s holdings, making the stock its 21st biggest position. Peddock Capital Advisors LLC’s holdings in Roper Technologies were worth $1,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Phocas Financial Corp. purchased a new position in Roper Technologies during the second quarter valued at $2,344,000. Krane Funds Advisors LLC purchased a new position in Roper Technologies during the second quarter valued at $25,000. Captrust Financial Advisors lifted its holdings in Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new position in Roper Technologies during the second quarter valued at $30,000. Finally, MUFG Americas Holdings Corp lifted its holdings in Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 44 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $360.54, for a total transaction of $540,810.00. Following the completion of the sale, the director now directly owns 15,380 shares in the company, valued at $5,545,105.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the sale, the director now owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Several research firms have issued reports on ROP. Raymond James increased their price objective on shares of Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research note on Monday, September 9th. Oppenheimer raised their price target on shares of Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Finally, ValuEngine downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $376.80.

Shares of NYSE:ROP traded down $2.48 during midday trading on Wednesday, hitting $336.51. The company’s stock had a trading volume of 16,744 shares, compared to its average volume of 558,876. The business’s 50 day simple moving average is $354.83 and its 200 day simple moving average is $357.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market cap of $35.62 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $2.89 earnings per share. On average, sell-side analysts predict that Roper Technologies Inc will post 13.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Friday, October 4th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, October 3rd. Roper Technologies’s payout ratio is currently 15.66%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Read More: How is a Moving Average Calculated?

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.