Roper Technologies Inc (NYSE:ROP) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its position in Roper Technologies Inc (NYSE:ROP) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 456,129 shares of the industrial products company’s stock after acquiring an additional 1,627 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Roper Technologies were worth $162,656,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in Roper Technologies in the third quarter valued at approximately $268,000. Massey Quick Simon & CO. LLC raised its holdings in Roper Technologies by 2,750.0% in the third quarter. Massey Quick Simon & CO. LLC now owns 285 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Roper Technologies by 16.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,516 shares of the industrial products company’s stock valued at $3,036,000 after acquiring an additional 1,189 shares in the last quarter. DNB Asset Management AS raised its holdings in Roper Technologies by 8.2% in the third quarter. DNB Asset Management AS now owns 23,702 shares of the industrial products company’s stock valued at $8,452,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Summit X LLC raised its holdings in Roper Technologies by 2.4% in the third quarter. Summit X LLC now owns 1,720 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 40 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 Roper Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the transaction, the director now directly owns 15,380 shares in the company, valued at approximately $5,545,105.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the transaction, the director now owns 9,080 shares in the company, valued at $3,296,403.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Shares of ROP traded down $2.41 during mid-day trading on Wednesday, reaching $336.58. 194,681 shares of the company’s stock were exchanged, compared to its average volume of 558,876. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97. The stock has a market capitalization of $35.62 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The business’s fifty day simple moving average is $354.83 and its 200-day simple moving average is $357.70. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. Equities research analysts predict that Roper Technologies Inc will post 13.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 15.66%.

A number of research firms have weighed in on ROP. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays raised their price objective on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Oppenheimer raised their price objective on shares of Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Raymond James raised their price objective on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Co raised their price objective on shares of Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $376.80.

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.

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

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